In which of the following nations do the poorest 20% of the population have the highest level of material welfare?
The "preferred welfare indicator" of the World Bank is "consumption," a comprehensive measure of the goods and services consumed by people, including all income, charity, and non-cash welfare benefits like subsidized housing. Adjusted for purchasing power, the poorest 20% of people in the USA consume more goods and services per person than the national averages for ALL people (not just the poorest 20%) in most developed countries. That includes the nations of Denmark, Iceland, Japan, New Zealand, and others. In opposition to this reality, the NY Times has alleged that the USA is "the poorest" developed nation in the world. That claim is rooted in statistics that exclude all non-cash welfare benefits and compare incomes within nations, not between them. The Times misrepresented these stats in a video op-ed that decries "fake news" and declares it is a "myth" that the USA is "the greatest nation on earth."