Partly true but misleading.

On average, the USA is significantly richer than China and most EU countries, and this shows up in macro indicators such as GDP per capita, median income, and average wealth per adult. Even people at the lower end of the income distribution in the US often have higher nominal incomes than poor people in China, and sometimes higher than in poorer EU countries. Compared to China in particular, a poor person in the US usually has access to far more money and material goods.

However, Europe is not a single comparison point. In many Western European countries (France, Germany, Scandinavia), poor people often have similar or even better effective living standards than poor Americans once public services are included. Free or heavily subsidized healthcare, education, housing support, and transport can compensate for lower cash income and raise real living conditions. Finally, inequality matters. The US has much higher income inequality and weaker social safety nets than most of Europe. This means that while the country is richer overall, being poor in the US can be harsher than being poor in many EU countries, especially when accounting for healthcare costs and financial risk.

So the claim is broadly true when comparing the US to China, but not universally true when comparing the US to Europe, and it oversimplifies what “having more money” actually means.

ps: I live in Switzerland and it is a whole different story.

Yes I am Swedish actually so I know all this. My college was free etc. Good public transport.

BUT I would rather be poor in the USA than poor in China.

This was the point.

EU is best ofc.