Sunday, July 14, 2024

In the Top 7%

 Richard says, I'm Rich!

I get SSA, SSI, Medicare, Medi-cal, free Dental, my brother pays my phone service, I have an ideal rent-controlled apartment in Berkeley CA, and there are things like free libraries, wifi, and food pantries...

(791+412) x 12 = 14,436/year.    The health insurance (and medications) are worth x.   An income of say, $18,500 happens to be the average farm-worker salary, in the Bay Area.  That's $50.70/d.    Only 7% of the world earns $50+/d.  

85% of the world (6.5B) earns less than $30/d.  71% earns less then $10/d.  50% earns less than $5.50/d.

Half the world earns $6.85/d ($2500/yr or less).   9.2% of the world lives on $1.90/d ($700/yr)

SSA?  Social Security Administration.  Or, Sub-Saharan Africa.  60% of the global poor live in the SSA.

No comments:

Post a Comment