3 ms·
"The quality of life provided by middle class America is the life of the 1%" It's been said many times before about similar statements, but this is not true or
by perl4ever 7y ago
"The quality of life provided by middle class America is the life of the 1%"
It's been said many times before about similar statements, but this is not true or mathematically possible. I believe it's off by about an order of magnitude.
Middle class in the US is something like $45,200 to $135,600 in household income, which is roughly half the population.
Half the population is about 2% of the world population. And every American is not wealthier than everyone outside the US.
If you google something like "global income percentile" you will find a considerable amount of BS claims - the first one I found was on Investopedia. For fun or ideology or whatever, the meme that middle class Americans are in the top 1% is something that people will just go on the internet and lie about.
I didn't spend enough time looking to find really satisfactory sources, but in trying to find something relatively unbiased I ended up with something that suggested the US middle class might very roughly be around the top 10% globally.
Source: https://www.pewresearch.org/global/2015/07/08/a-global-middle-class-is-more-promise-than-reality/ https://www.pewresearch.org/global/2015/07/08/a-global-middl...
(Note that in the terms of the linked article, it seems like the global middle class is a tier below the US middle class, so if about 85% of the world is "poor" or "middle class", then the remainder or 10-15% equates to the US "middle")