3 ms·
It’s $11 ppp per person per day of “spending”, so for a household of 4 people that’s $16k. I would think that world would be both discretionary spending and non
by topkai22 7y ago
It’s $11 ppp per person per day of “spending”, so for a household of 4 people that’s $16k. I would think that world would be both discretionary spending and non-discretionary spending. While that would certainly classify as extreme poverty in most of the highly developed world, the definition of middle class seems to be (roghly) ‘able to pay for minimal housing and purchase durable goods without starving.’ I can by that that is possible in emerging markets for $16k ppp for a household.
Also, that’s the absolute bottom of the range, it goes up to $100/day/ per person.