Did you know…
The median household income in America is $50,233. If your household makes $100k/yr your are in the top 15 percentile of American income. If you make $118,200/yr you are in the top 10%.
Did you know that 25% of the worlds population receives 75% of the world’s income. Which means the poorest in the world share the remaining 25%! The average world income in $5000/yr.
% of the world population % of world income yrly indiv inc daily income
Bottom 10% 0.8 $400 $1.10
Bottom 20% 2.0 $500 $1.37
Bottom 50% 8.5 $850 $2.33
Bottom 75% 22.3 $1,487 $4.07
Bottom 85% 37.1 $2,182 $5.98
Top 10% 50.8 $25,400 $69.59
Top 5% 33.7 $33,700 $92.33
Top 1% 9.5 $47,500 $130.14
The poverty-line in America ranges between $10,400 (single household) to $35,600 (8 person household). For a household of 2 it is $14,000. Out of the 303 million people in America, approx 26 million live in poverty. Which even the lowest income in America is richer than average world income!
If 100 people equals the worlds population, 53 of those would live on less than $2.00/day. So if you purchase a $10 book, you spent someones week income!
Keep in perspective how rich you are, luxuries you have, and what are REAL priorities. We don’t have to have all our desires, we don’t have to keep up with our neighbors! Contentment is key to a successful life! It helps keep you out of a financial nightmare…”Keeping up with the Jones’s” mentality leads to financing everything and leaving no room for loss of income, those unforeseen surprises, etc and will lead to a hard road ahead.
