Sometime back, I read a blurb on Andrew Tobias’ website titled as above, I added the congratulations. The article linked to Global Rich List a site that allows you to enter your income and see where you stand, ranked against everyone else on the planet. What I found so shocking is that the median income of the world is $850. Per year. The allowance I give my 9 year old ($9/wk) is an income greater than 16.8% of the world’s population.
On the other side, you have household US income data that show median household income at $48,201, which if plugged into the Global Rich List put you in the top 99%. This is worth repeating. Half the people in this country live better than 99% of the rest of the world.
Next time I look at this data, I’ll discuss “why do we feel so poor?”