03 March, 2012

Make 34k? You're in the 1%

The Global 1%:

169

Charles Kenny situates most Americans in it:

[B]y global standards, America's middle class is also really, really rich. To make it into the richest 1 percent globally, all you need is an income of around $34,000, according to World Bank economist Branko Milanovic. The average family in the United States has more than three times the income of those living in poverty in America, and nearly 50 times that of the world's poorest. Many of America's 99 percenters, and the West's, are really 1 percenters on a global level.

(Map of countries resized to level of wealth in 2002 by WorldMapper)