How Rich Are You? Even Minimum Wage Workers in the U.S. Are Richer Than 87% of People in World
Check it out here at the Global Rich List. Enter your annual salary and find out how you rank (percentage ranking) among the 6 billion people on the planet, based on world salary data from the World Bank Development Research Group. Here are a few examples:
A single American living at the poverty level of $10,294 annual income (in 2006) would be in the top richest 13.25% people in the world.
An American worker earning the minimum wage of $6.55 (July 2008) would be in the top richest 12.64% people in the world.
The median income per household member of $26,036 (in 2006) would be in the top richest 9.47%.
An American making the average hourly wage of $17.88 ($35,760 in 2008) would be in the top richest 4.4% people in the world.
A U.S. high school teacher earning the average salary of $52,450 (in 2007) would be among the top richest 0.96% people in the world.
A UAW worker making the average hourly wage of $39.68 (in 2007 with overtime, holiday and vacation pay, etc.) would be in the top 0.79% richest people in the world.
Bottom Line: We might complain about declining real wages in the U.S., increasing income inequality, the "middle-class squeeze," and the "disappearing middle class," etc., but think about it: even minimum wage workers in the U.S. are richer than 87.36% of the people on the planet. As much as we might complain, just by being alive in 21st century America, even if you're lower or middle class, you've "won first prize in the lottery of life."