3 ms·
If you're a single adult (which you probably are if you're interested in taking advantage of this program), $66k/year would mean you are richer than 99% of peop
by johnfernow 3y ago
If you're a single adult (which you probably are if you're interested in taking advantage of this program), $66k/year would mean you are richer than 99% of people on the planet, and your median income would be 20.2 times the global median. [1]
1. https://www.givingwhatwecan.org/how-rich-am-i?income=66000&countryCode=USA&numAdults=1&numChildren=0 https://www.givingwhatwecan.org/how-rich-am-i?income=66000&c...
So yes, by global standards, $66k/year would mean you are extremely rich. It's even quite a bit higher than the median adult income in developed countries. At $66k/year, you're making about double the average German working adult, and over triple the average Japanese working adult. [2]
2. https://en.wikipedia.org/wiki/Median_income https://en.wikipedia.org/wiki/Median_income
I think people often don't understand the grand scale of difference between the developing and the developed world. Yes, there is a cost of living adjustment, and certain things are cheaper abroad (though many things, such as electronics, are more expensive), but people really do consume a ton more in the rich world. Most people don't have cars, and most people live in far smaller homes. Even Europeans live in far smaller homes than Americans: the average new English home is 1/3 the size of the average American home. [3] People in developing countries also travel a lot less. Only 3% of Indians have traveled abroad, vs. 76% of Americans. [4]
The discretionary income, defined as "all the money you have left after paying for taxes and your absolute needs", that most Americans have (all but the lowest 3 deciles) would be extremely enviable by most people worldwide. [5, 6]
3. https://www.businessinsider.com/ons-english-homes-are-a-third-of-the-size-of-american-homes-2017-10 https://www.businessinsider.com/ons-english-homes-are-a-thir...
4. https://www.pewresearch.org/global/2023/12/06/international-travel/ https://www.pewresearch.org/global/2023/12/06/international-...
5. https://www.fool.com/investing/general/2015/10/18/the-average-american-households-discretionary-inco.aspx https://www.fool.com/investing/general/2015/10/18/the-averag...
6. https://infogram.com/discretionary_income_by_income_decile https://infogram.com/discretionary_income_by_income_decile