Thursday, December 2, 2021

United States in top 4 developed countries by highest percentage of population living in poverty.

 The definition of poverty differs from country to country, but in high-income countries, like those shown in the chart below, the poverty line is around $30 per day. 

As the chart shows, a substantial share of people – between every 10th and every 5th person – lives below this poverty line in the world’s richest countries.

For more click here.

$30.00 dollars per day is an annual net income of 10,950.00

Research has shown that self reported quality of life increases with income up to about $75,000 per year for a family of four and then additional income makes little difference in quality of life reports.

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