Obviously this is interesting data, but politically speaking the issue isn’t people making $200,000 its people making $200,000,000 or even worth $200,000,000,000.
Erollins04 on
The real interesting data may be in the difference between top 10% cut off line and top 1%… in the US, the top 10% number shown is not rich by most standards.
mehardwidge on
Good visualization.
There is probably a big difference in the bottom 10% in UK/US and poorer countries beyond just the number. In the US, someone with very low income often has a huge number of benefits that add up to a substantial amount of cash-equivalent each month but don’t count as “income”. I’m guessing the poor person in Brazil does not have nearly the same situation.
There are probably also differences in which people are low income and why. In the US, a lot of low income people are either college students or retired people. In poor countries, people are often “trapped” at low income, and there aren’t so many retired people or college students currently not working (much) but who later will.
China greatly surprises me for the low numbers, although I see that is 2018 data, and six years is a long time at Chinese GDP growth.
3 Comments
Obviously this is interesting data, but politically speaking the issue isn’t people making $200,000 its people making $200,000,000 or even worth $200,000,000,000.
The real interesting data may be in the difference between top 10% cut off line and top 1%… in the US, the top 10% number shown is not rich by most standards.
Good visualization.
There is probably a big difference in the bottom 10% in UK/US and poorer countries beyond just the number. In the US, someone with very low income often has a huge number of benefits that add up to a substantial amount of cash-equivalent each month but don’t count as “income”. I’m guessing the poor person in Brazil does not have nearly the same situation.
There are probably also differences in which people are low income and why. In the US, a lot of low income people are either college students or retired people. In poor countries, people are often “trapped” at low income, and there aren’t so many retired people or college students currently not working (much) but who later will.
China greatly surprises me for the low numbers, although I see that is 2018 data, and six years is a long time at Chinese GDP growth.