4 ms·
If you make $40k you are in the top 1% of the world income.
by mensetmanusman 3y ago
If you make $40k you are in the top 1% of the world income.
- johnla 3y agoYes, it's good to keep a good perspective by thinking our position relative to the world but relative to our surroundings and cost of living too. Probably living the US, we're near the top for expenditures/costs too.
- JohnFen 3y agoBut to be meaningful, you have to scale that according to the cost of living where you are.
- mensetmanusman 3y agoNot necessarily, because other locations that have lower cost of living may also have services lacking like average bandwidth, electricity outage rate, food security, political instability, etc.~ can't ignore the hidden costs.
- JohnFen 3y agoThose hidden costs are part of the cost of living, no? Just in the US, though, I think it's hard to argue that a person making $200k/yr in New York City is meaningfully making more than a person making $50k/yr South Bend, Indiana.
- naniwaduni 3y agoCost of living broadly scales with quality of life.
- JohnFen 3y agoNot really, at least in the US.
- MuffinFlavored 3y agoI feel like this stat is useless. Sure, it gives perspective that people in some other country don't value money, but they also aren't stuck on a computer all day doing a job they don't like. https://bemorewithless.com/the-story-of-the-mexican-fisherman/ https://bemorewithless.com/the-story-of-the-mexican-fisherma... Plenty of American's making $40k/yr probably hate their lives/wish they didn't make $40k/yr.