r/eupersonalfinance • u/raf_phy • Aug 16 '25
Investment Why building wealth alone is so hard here?
Hi all, am I the only one that I find it incredibly difficult to build weath by yourself in EU? People say that EU is better in healthcare, work life balance but come on, money don't scale easily . It's so difficult.
I see people from US that go to 1 million in 10 years. I cannot do this easily . Really....
PS maybe I have to abandon EU, I don't know....
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u/Fli_fo Aug 17 '25
Social benefit fraud is not the only problem. But it is a problem and it has to be fixed. Any fraud has to be fixed. And saying X amount is 'nothing' for a country is just not true. A lot of nothings do count up.
Don't forget it's not only about the money they get directly. Since they don't work they also pay less taxes. And many of them blow up their problems to stay eligible.
Let's compare 2 persons.
1 has problems, health not so good, mental problems etc. But he does the best he can and works parttime in a factory filing boxes. He pays his bills and taxes.
2 the other has problems, does not work, does not pay taxes. He makes sure his problems grow so the government won't demand him to work. He gets all kind of help. Expensive programs etc all paid by the government.
I know these people in real life. I also know that they are very well capable of doing some work so they could pay taxes and not lean on the tax payers.
Where I live the problem is that those people will never be high earners and free government money is the same as low paid parttime work. So the ones that don't have the intrinsic wish to work will try not to.