Our Living Standard Declining?

Take a look at Standard of living in UK better than in USA from the UK Telegraph:

Analysts at the respected Oxford Economics consultancy say that increasing incomes, free healthcare and longer holidays make the average Briton better-off than his or her US counterpart.

They predict that gross domestic product (GDP) per head in the UK, an indicator of average incomes, will be £23,500 in 2008, compared with £23,250 in America, reflecting the strength of the pound against the dollar and the steady growth of the British economy.

Not something I wanted to see after the doom and gloom of Samuelson's column in today's Washington Post, but something I sure feel as true. Speaking with two local business people the past two days convinces me that things are far from well in Anderson or Indiana.