8 Stats That Will Change the Way You Think About Wealth

You are likely one of the wealthiest people ever to walk the earth.

Recently, I heard a sermon that put “wealth” into a global perspective.

If you are reading this article, that means you have access to either a computer, a laptop or a smart phone. You have electricity. You have a connection to the Internet. If you know where your next meal is coming from and you don’t have to worry about getting clean water, having shelter over your head and accessing medical care, you benefit from more wealth than many people throughout human history.

In Western culture, accumulating wealth, finding career success and obtaining financial prosperity have become the focus of much of our lives. But the constant effort to earn more money can make you lose perspective on the reality of poverty and the blessings of actual wealth.

Here’s a look at eight stats that will shift the way you think about money and what it means to be rich:

1% of the Population Has Almost the Same Amount of Money as the Rest of the 99% Combined

48.2 percent of all of the world’s wealth is in the hands of just 1 percent of the population.

You Might Be a Part of the 1%

If you make more than $50,000 a year, you are among the top 1 percent of earners on the entire planet.

$10 a Day Is the Norm

Most of the population of the entire world (80 percent) lives on less than $10 a day.

If Your Annual Household Income Is above $9,733, You Are Doing Better Than Most

The median household income for the global population is less than $10,000 a year.

Your Coffee Costs as Much as Many People Spend in a Whole Day

More than a third of people on earth live on less than $2 a day. 1.2 billion live on less than $1.25.

See Also

Most Americans Spend Less Than 10% of Their Personal Income on Food

Most of the income (60% – 80%) of individuals in impoverished communities in other parts of the world is spent putting food on the table.

Americans Spend Roughly $465 Billion Every Christmas; America Spends $6.3 Billion to Fight AIDS Overseas

The amount American consumers spend buying stuff at the holidays is greater than the GDP of some of the world’s poorest countries.

Children in Rich Countries Only Face a 1 in 165 Chance of Dying By Age 5. In Extremely Poor Countries, Their Chances Are 1 in 6

Every day, nearly 29,000 children younger than 5 die, mostly from preventable diseases.

An earlier version of the article originally appeared in October 2015.

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    You are likely one of the wealthiest people ever to walk the earth.

    Recently, I heard a sermon that put “wealth” into a global perspective.

    If you are reading this article, that means you have access to either a computer, a laptop or a smart phone. You have electricity. You have a connection to the Internet. If you know where your next meal is coming from and you don’t have to worry about getting clean water, having shelter over your head and accessing medical care, you benefit from more wealth than many people throughout human history.

    In Western culture, accumulating wealth, finding career success and obtaining financial prosperity have become the focus of much of our lives. But the constant effort to earn more money can make you lose perspective on the reality of poverty and the blessings of actual wealth.

    Here’s a look at eight stats that will shift the way you think about money and what it means to be rich:

    1% OF THE POPULATION HAS ALMOST THE SAME AMOUNT OF MONEY AS THE REST OF THE 99% COMBINED
    48.2 percent of all of the world’s wealth is in the hands of just 1 percent of the population.

    YOU MIGHT BE A PART OF THE 1%
    If you make more than $50,000 a year, you are among the top 1 percent of earners on the entire planet.

    $10 A DAY IS THE NORM
    Most of the population of the entire world (80 percent) lives on less than $10 a day.

    IF YOUR ANNUAL HOUSEHOLD INCOME IS ABOVE $9,733, YOU ARE DOING BETTER THAN MOST
    The median household income for the global population is less than $10,000 a year.

    YOUR COFFEE COSTS AS MUCH AS MANY PEOPLE SPEND IN A WHOLE DAY
    More than a third of people on earth live on less than $2 a day. 1.2 billion live on less than $1.25.

    SEE ALSO

    NATION
    Poll: America’s Faith In A COVID Vaccine Is Dwindling
    MOST AMERICANS SPEND LESS THAN 10% OF THEIR PERSONAL INCOME ON FOOD
    Most of the income (60% – 80%) of individuals in impoverished communities in other parts of the world is spent putting food on the table.

    AMERICANS SPEND ROUGHLY $465 BILLION EVERY CHRISTMAS; AMERICA SPENDS $6.3 BILLION TO FIGHT AIDS OVERSEAS
    The amount American consumers spend buying stuff at the holidays is greater than the GDP of some of the world’s poorest countries.

    CHILDREN IN RICH COUNTRIES ONLY FACE A 1 IN 165 CHANCE OF DYING BY AGE 5. IN EXTREMELY POOR COUNTRIES, THEIR CHANCES ARE 1 IN 6
    Every day, nearly 29,000 children younger than 5 die, mostly from preventable diseases.

    An earlier version of the article originally appeared in October 2015.

    JESSE CAREY
    Jesse Carey is a mainstay on the weekly RELEVANT Podcast and member of RELEVANT’s executive board. He lives in Virginia Beach with his wife and two kids.

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    Anonymous
    October 7, 2020 at 11:44 am
    hi

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    October 13, 2020 at 1:21 pm
    hi

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