Tuesday, November 10, 2015

Are You A One Percenter?

With all the talk of income inequality, Cato takes a look at incomes from a worldwide perspective. I entered my income- actually our household income- into this tool and came out in the top 1.9% of income earners worldwide. And that's only $25,500 a year. Funny, as I consider us to be lower middle class.


At 5:33 PM, Anonymous Anonymous said...

Income is one part of the equation. Cost of the living is the other, equally important part. Living in Mexico on 25k a year would put you in the upper middle class. Living on 25k in India would put you in an even higher class.

At 5:46 PM, Blogger Fred Mangels said...

Yep. That's what gets me about claims of slave labor overseas. They may only make 25 cents an hour, but that goes a lot further over there than it does here.

At 7:26 AM, Anonymous Anonymous said...

The Docs for Cash, who have banned insurance companies, are an excellent comparison. Without the middleman, costs are abruptly cut. With insurance, blood sample draws for tests are $90.00 minimum. Without ins, a whopping $3.00.


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