3 ms·
+1 And I'm not sure about the actual numbers, but something like $30K per year basically puts one in a top 10% of the world, and more than $50K, you are alread
by calvinbhai 8y ago
+1
And I'm not sure about the actual numbers, but something like $30K per year basically puts one in a top 10% of the world, and more than $50K, you are already in the 1% of the world, by income. (not sure if that factors in cost of living).
- CydeWeys 8y agoYou can't just ignore cost of living disparity though. $30K per year is a huge amount of money in some parts of the world -- that's enough to live very well, maybe support multiple wives if the culture allows it. But in San Francisco, that income level for a family puts you below the poverty line and you will struggle to afford housing.
- mlevental 8y agonot trying to disparage but this comment is wrongheaded in exactly the same way as the one i'm responding to. us workers don't live in subsaharan africa - so it doesn't matter if 30k is top 10% worldwide because we don't have global wage equilibrium. 30k for a single person is fine - you can eat and rent an apartment and probably drive a crappy car. it is not enough for a family, it is not enough to save for retirement, it is not enough to save for further education, and it is not enough to save for medical emergencies. it's not good enough.