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This number is both old and in nominal terms. A person making 50k USD in China is likely richer than a person in the US making 100k USD in the US. http://pubdo
by zjaffee 7y ago
This number is both old and in nominal terms. A person making 50k USD in China is likely richer than a person in the US making 100k USD in the US.
http://pubdocs.worldbank.org/en/771271476908686029/Segal.pdf http://pubdocs.worldbank.org/en/771271476908686029/Segal.pdf suggests that the number to be in the global 1% is around $50,000 PPP per person in a given household.
- mensetmanusman 7y agoExcept that the Chinese person is a prisoner in their own country, and the American could move to China to have a higher quality of life outside of the polluted cities.