Jump to content
JWTalk - Jehovah's Witnesses Online Community

IF you make at least $34,000 a year you are among the richest 1% of the world

We lock topics that are over 365 days old, and the last reply made in this topic was 2664 days ago. If you want to discuss this subject, we prefer that you start a new topic.

Recommended Posts

Did you make $34,000 last year? If so, congratulations! You're now part of the richest 1% in the world.

Economist Branko Milanovic puts it all in perspective:

The true global middle class, falls far short of owning a home, having a car in a driveway, saving for retirement and sending their kids to college. In fact, people at the world's true middle -- as defined by median income -- live on just $1,225 a year. (And, yes, Milanovic's numbers are adjusted to account for different costs of living across the globe.)

In the grand scheme of things, even the poorest 5% of Americans are better off financially than two thirds of the entire world.


Link to comment
Share on other sites

Of course the whole study is mostly absurd because in some places you physically can't live on $34,000 per year while in other places you could live like a king for a half decade with one year's salary. It all depends on your salary relative to your cost of living.

Link to comment
Share on other sites

It just shows the poverty of the rest of the world when as commented above $34 000 is barely a living wage for some areas. We gross around that figure, but taxes, Mortgage/Utility payments and necessary insurances and shop rent/overheads and petrol at £6 a gallon reduce it down to barely a living wage for the UK.We can't afford a pension plan and of those that have, many have lost theirs to fluctuating stock-markets rendering it worthless.

Link to comment
Share on other sites

  • 2 years later...

    If we made that kind of money we would feel so rich. We would not know what to do with it all. Perhaps get a car that cost more than $300?  More than two suit jackets?  Put real poly roofing on our porch besides a tarp?


   But yet others do not have a car. Some may only have one suit jacket, or none. Others have no porch.


   We all live in different economies, sometimes even within the same country.  It really is amazing how out of balance this whole system is. Soon this all will change. :)

Link to comment
Share on other sites

  • Recently Browsing   0 members

    • No registered users viewing this page.

About JWTalk.net - Jehovah's Witnesses Online Community

Since 2006, JWTalk has proved to be a well-moderated online community for real Jehovah's Witnesses on the web. However, our community is not an official website of Jehovah's Witnesses. It is not endorsed, sponsored, or maintained by any legal entity used by Jehovah's Witnesses. We are a pro-JW community maintained by brothers and sisters around the world. We expect all community members to be active publishers in their congregations, therefore, please do not apply for membership if you are not currently one of Jehovah's Witnesses.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

JWTalk 22.1.2 (changelog)