So, I recently just got back from Bali.
And, I loved it! It’s a beautiful place with beautiful people, but it is also a very impoverished.
Most people there make only $10/day and work 6 days a week. Most will never buy/own a car.
According to Pew Research Center, 18.1% of people in Indonesia are poor, compared to 15% of people globally, and only 1.6% of people in the United States.
Pew Research Center classifies poor as living on $2 or less a day.
This is income inequality.
Let’s now get some perspective using a popular term the “top 1%”.
The term “top 1%” of global income may sound like super fancy and exclusive club, but it’s one to which millions of Americans and Canadians already belong to.
According to this article by Daniel Kurt on Investopedia, an annual income of $32,400 classifies you as a top 1% income earner globally.
Hey, that’s me… and probably you as well.
This is major income inequality.
So, just let that all sink in.
We have it so good here in the United States and Canada…
…and we totally take it for granted!