I think this is way more simplistic than people appear to be interpreting it as. Basically, pressuming there is a God, there should be no reason for us to mope around and say we're going down, considering He created us, gave us style, grace and put a smile upon our face.
"When you work it out I'm worse than you"- I think this is more of a personal note, saying that he has his bad times just as well as others, and it appears he's almost saying there's nothing to complain about in the last stanza, that is. Don't say your going down when there's no reason for you to be, God gave you grace. There does, however appear to be an ammount of agnostic thinking involved, which may be in simple consideration to the fact no one knows from experience.
Though, I don't know. XD

Why do most of the people thinks that the meaning of this song is religious? It is not!
The only thing that relates this song to religion, is that it is a religious man who speaks the words (of the song).
But it is the story of a couple.
Now, what i want to ask you, is:
What means "Now when you work it out i´m worse than you,
yeah when you work it out, i want it to".
In other words, what does "work it out" means?
Is it: getting a solution? or is it: realizing?
Thaks for the help.