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Image credits: Sea_Pop_772 Only 12% of the 3,000 respondents said they consider themselves wealthy and only 4 in 10 people who are objectively wealthy, with assets of more than $2 million, said ...
According to the United States Census, in 2012 people aged 18–64 living in poverty in the country gave the reason they did not work, by category: [6] 31% – Ill or disabled; 26% – Home or family reasons; 21% – School or other; 13% – Cannot find work; 8% – Retired early; Some activities can also cost poor people more than wealthier ...
Over 700 million people across the world are living in extreme poverty, which means affording basic necessities like food, clothes, or internet is a luxury for many.
In the country’s 10 largest metros, residents earning more than $150,000 per year now outnumber those earning less than $30,000 per year. Millennials who are able to relocate to these oases of opportunity get to enjoy their many advantages: better schools, more generous social services, more rungs on the career ladder to grab on to.
The unstable life of poverty often limits the poor's aspiration levels to those of necessity (such as having food to feed ones family) and in turn reinforces the lowered aspiration levels (someone who is busy studying, instead of looking for ways to get enough food, will not survive long in the poverty environment).
For instance, if a wealthy individual can pay a housekeeper to do their laundry at home while a lower-income individual has to spend an afternoon at the laundromat and both are up for the same job ...
Statistically, as of 2019, most of the world's population live in poverty: in PPP dollars, 85% of people live on less than $30 per day, two-thirds live on less than $10 per day, and 10% live on less than $1.90 per day. [3] According to the World Bank Group in 2020, more than 40% of the poor live in conflict-affected countries. [4]
The top 1% all live better than John D Rockefeller was living when I was six years old. … And today, you can get better medicine, better education, better entertainment, and better ...