How rich are we?

United States
May 12, 2010 11:57am CST
I was reading an article on yahoo that shows your income compared to the world as a whole. It's nice to see I make some "fat cash" compared to others however, what they don't account for is the standards & costs of living in one country to another. So sure to someone in Haiti I'd be rich there, but here we're just another working family on the cusp of disaster if we miss a paycheck or two. I know the point is to get people to give to charities however, it makes me wish our cost of living is what it is in those other countries then I could feel "rich" Did anyone else see the site? http://globalrichlist.com/ How rich are you? I'm in the top 2.59% in the world, I sure don't feel that way.
2 people like this
19 responses
@dragon54u (31185)
• United States
12 May 10
I'm pretty rich according to that site. They want me to give an hour's salary for some good causes but nowhere on there do I see anything for our American Indian tribes that live in poverty, the children in Appalachia that are barefoot even in winter time and undernourished or the children here that are homeless and living on the street begging coins or food. I've always known that even when I was poor and homeless I was better off than a lot of people in the world.
1 person likes this
• United States
13 May 10
I live at the top of the Appalachians and I can tell you there are some poor folks here. We know of people who still have out houses and no electric. I have been to WIC and seen woman with duct tape on the bottom of socks in place of shoes. Now we are not rich and qualified for these services, (at the top of the margin) and I have to admit I felt pretty bad to be using a service so many others need more then me obviously.
@dragon54u (31185)
• United States
13 May 10
If you need it, you need it. Don't feel badly! I wonder if you've heard of the Christian Appalachian Project? It's one of the charities I've chosen to give to and I wonder if its work is obvious or behind the scenes.
@dragon54u (31185)
• United States
13 May 10
Starchaser, it's a mountain range in the eastern part of the United States. Its residents are isolated and very, very poor. If you've seen pictures of starving and ragged children, that's what most of the children there in the mountains look like. There are few doctors or dentists and their health suffers horribly. They are too poor to move and ignored by major charities because we are supposed to be so wealthy in this country.
@dorannmwin (36608)
• United States
15 May 10
Wow, this really does put things into perspective. I typed in my husband's salary and it said that we are in the top .98% richest people in the world. That really puts things into a lot of perspective because I certainly don't feel like our family is rich. Yes, we are able to make ends meet and yes, we do have a house and two cars of our own. However, we aren't able to just go out and buy something because it is what we want. We will probably never be in that kind of a situation.
1 person likes this
• United States
16 May 10
But like another poster said it's comparing apples to oranges as far as lifesyles from one country, state, county, city ect to another KWIM? Like I have an online friend who's house is worth double there than it is here & this is all within the same country. I know we aren't able to go out and buy things we want either unless it's with a credit card. And then of course you are into more hock than you started out with before your "want" KWIM?
@angelajoy (1840)
• Philippines
13 May 10
I just computed how rich I am, and apparently I'm not rich at all, I'm at the 0.001%. That doesn't really encourage me to give to charity. And what you said about being rich if you would be in other countries is true. Many Filipinos here want to work in countries like yours because when they take the money home, it would be worth a whole lot more. Here in my country my salary is more than what the majority of people here earn, so I'm still thankful, although when I get outside the country my money would only be worth little.
1 person likes this
• United States
16 May 10
It doesn't encourage me to give to charity when one can just pay their own bills and such on time. That is true that's why many folks who are here on work Visa's or "illegally" to send a lot of money back to their families in their home country because it helps them out a lot more there due to the rate of exchange whereas here they are just getting by like everyone else.
@evepin (723)
• Philippines
13 May 10
When I used to work, my income made me reach the top 10%. The husband, net of any taxes, is at 4.91%. If I'm still working, we'd be at .91% top. Hahahaha. I don't think this is a determining factor on how rich we are though. Question is the assets as against the liabilities. And like what others said, what is the index used here for the cost of living? Oh well, it is a fun exercise though, thanks for sharing the link!
1 person likes this
• United States
16 May 10
Your welcome it is a fun lil thing to see. But like you said cost of living and life styles vary from place to place. TY for posting ;0)
@Andyvil (793)
• Philippines
13 May 10
I also read the article last night and found it amusing. I never thought I was better of than most of the people in the rest of the world. I certainly don't feel that way. All the bills and expenses trying to cope up with all this each pay day feels like I am at the bottom of the list. But this certainly made me realize that I should thank the lord for the blessings he has given me. I should learn to look at the good things the lord has provided and make the most out of it.
1 person likes this
• United States
16 May 10
That is a good point as well. While people here are still loosing their homes, I still have mine even if it needs a ton of work (that I have no money for BTW) it's still MY house and I am not forced to rent an apartment.
@cynthiann (18572)
• Jamaica
12 May 10
I converted my salary to US dollars and I am in the top 12.53%. If we had something to eat and drink today then we are considered rich. If we have a bed to sleep in and a roof over our heads then we are rich. Obviously you are much richer than me! I have to tell you that I do not feel rich either but I am glad to have a job even if I do not like it. I pray constantly that I can pay off the mortgage in 3 years so just perhaps I will be able to retire. But even then I would need financial help of the children or else be able to sell some land that is in my name but left for my children. I should have retired years ago but lied about my age. Blessings
1 person likes this
• United States
12 May 10
Yeah... not "rich" enough to do things others get to do including buying brand name groceries *LMAO* I know what you are saying about your job. I like my job but it's minimum wage wich is sad to be making what I made in 1998 when it's 2010! But a job is still a job now days and they work around my hubby's schedule so we don't have to pay for child care as child care. I keep thinking life will be easier when my kids are older and they all go to school full time and our debts will be paid down further but for now it's a struggle. I'd love to pay off the mortgage on this shack but that'll be in 25yrs... UG!
@GardenGerty (87671)
• Marion, Kansas
12 May 10
I think this is the point where we start thinking to simplify our lives, because with simplicity we would feel more wealthy. I do not have an income at this time, but do a little bit with the little bit I have. I may be looking for work. I know that I am wealthy, I have a roof over my head, clothes to wear, modern conveniences and a car. I give to charities through my church, because they are better managed, and we give to Haiti and other famine ravished countries. We collected enough money at Christmas to dig a fresh water well in Malawi and one in Haiti, just in our local congregation. The point is that you are never poor if you have something to give.
1 person likes this
• United States
12 May 10
I think we are pretty simple in my house especially for my generation. That's the awsome thing our money goes so much further elsewhere than it does here. I'd love to see some of those things accomplished here at the price rate they do over seas.
@raviudal (260)
• India
13 May 10
i am a 16 years old child so i am not earning any income..........so this is useless for me
• United States
16 May 10
I suppose so if you are not old enough to work. Though you could in some states you can work as young as 14-15ish.
@raviudal (260)
• India
16 May 10
ohh really can you please tell me that from where i can do that ....site or somthing
• United States
17 May 10
places that hire that young here are like McDonalds. When I was a kid they used to have news paper carriers but now they have only people who can drive do the papers and or send the daily papers thru the post.
@vivasuzi (4126)
• United States
14 May 10
Interesting, and you are correct. They aren't pointing out how much more we have to pay for things here. According to this thing, if I put in my husband and I's annual income combined, I am in the top 1%!!! Yet I know plenty of people who make WAY more than I, and just like you I'm living to pay the bills and keep our house, etc. I guess it goes to show how much less money so many other countries have. But if you were to do the same calculation for our OWN country, I bet we'd be at the bottom. For the heck of it, I typed in "2 million". Some actors make way more than that even. And that came out to be ".001%" Maybe the scale they are using is a little weird. It's funny to me that most of the $$ belongs to less than .001% of people.
@vivasuzi (4126)
• United States
14 May 10
Of course, this is before the government takes everything for taxes :-D
• United States
16 May 10
Oh forsure we are at the bottom of the barrel. We are considered according to my hubby lower-middle class... YAY US! *LMAO* But you know there are so many demands on things like I went to my 4yo's 5k orientation and they were talking about all the kids going to pre-school and such so every 5yo is ready for school. NOT ALL PEOPLE CAN AFFORD PRESCHOOL! We make too much for headstart but can't afford to pay for preschool... so what does that make us?
• United States
15 May 10
All those e's made me dizzy L.O.L.
• United States
16 May 10
*LMAO* ERROR huh?
• United States
13 May 10
What that site does not show is ratios of cost of living to ones money intake. Something that is a big factor. There are people in other " poor" countries" that earn less then a quarter of what my Husband was making and they live as kings in their country, with big homes and fancy cars. It is all relative in many ways. What a countries money is worth is also very different and I believe should also be taken into the ratios. Here a dollar is a dollar in China that dollar is worth a mans pay. We may find it harsh but if that countries money equals out to something different that pay not always is bad.
• United States
16 May 10
That is also true the variation in the cost of living as is the rate of exchange. I know a lady @ work who is from India she goes back to visit her homeland and she has spoken to others of having people to wait on her, dress her ect. Whereas here she's just another working schmoe. thanks for the reply!
@Hatley (152188)
• Garden Grove, California
13 May 10
35snugglebunnies yes I read that but it seems unfair as our standard living is so different, sometimes I feel like I should hold out a cup and ask for a hand out too,not really just kidding, but my son finally got his income tax refund so he repaid the money he had borrowed from me so am not so broke. They forget that we have to pay so much more for everything here compared to some other countries so yes we may make more but it sure as heck does not go far enough either.
• United States
16 May 10
That's true! Our money doesn't go far enough our costs of basic living keep going up and not the wages... the times are a "be thankful you have a job" & a roof over your head even if it's falling appart. YAY for your son repaying you! Yes, I know some weeks I wonder do we have enough in the pantry to make it til pay day? And if we do will we have enough to spare at next pay day to buy any groceries? *sigh* that's one of my weekly to daily contimplaitions.
@HADDOWZ (1481)
12 May 10
Hello, I am not even going to look at the rich list as I would hate to think how low down the list I would be. There seems to be alot of surveys done on peoples earnings and wealth in my country, but I never seem to get asked these questions. According to some polls the average earnings in my area are xxxx-amount. I dont know anyone who earns that amount and I certainly dont, so where do they survey these people. It can be very dis-hearting to be told you earn so little. I am happy with what I have and what I earn, but of course would like alittle extra, but ther's no point in worrying. Health, family, and happiness are more important. Have a rich and productive time in myLot.
• United States
12 May 10
I wonder too! I wonder where they get the numbers for alot of things! As they require so much of the 4-5yo's entering school you almost need to send your child to preschool... but now we make less than the average median income, but we are not poor enough to get free pre-school but we can't afford it otherwise. Trust me a lil extra is anything that goes beyond our monthly bills and groceries wich isn't much my friend. You are right that those things are important but sadly so much in life revolves around ones income.
• United States
12 May 10
You're in the TOP 32.32% richest people in the world This is not the case with me. I can't afford to eat every month. sad but true.
• United States
12 May 10
As so many others I know are just getting by.... trust me I look fwd to my payment form mylot to help offset the cost of something KWIM?
@coffeebreak (17824)
• United States
12 May 10
Comparing us to other countries in the financial respect is stupid at best. Apples and oranges personified. I just think that if all these charities would take care of the needy in the USA, we'd all be doing much better. I get so tired of charities and celelbrities all raising money for other countries when we have just the same here in our own country. Does anyone remember Katrina? Ike? and now the current devestation in Tornade Alley? Skid row? Homeless shelters and food kitchens? Hungry children? Unhealthy children and adults? I'm sorry but I think we need to take care of our own country for awhile. And if they'd put something in place to stop all the reproduction in these far away lands.. a HUGE portion of the problem would be solved and not a penny spent! But why should they bother? They have child after child ...knowing full well they won't be able to care for them much less feed them and the USA will come feed and clothe all the kids.
• United States
12 May 10
That is so TRUE! YOU HIT THE NAIL ON THE HEAD! That's been the problem for a long time we do good deeds by supporting other struggling nations when we continue to struggle here @ home. I know of several people who live off their credit cards because they no longer get enough hours to pay for their bills. It's really sad when so many I know have to rely on food pantries to feed their families while utility companies ect raise their prices. On this end we are struggling to busy season @ my hubby's work starts and then we will be ok til then I wonder will I have to go to the pantry next week or not? KWIM?
@bobmnu (8160)
• United States
12 May 10
I was reading an article several months ago that pointed out that people in the US who are at the poverty level would be middle class in most European Countries.
• United States
16 May 10
Sweet! I'm moving on up to Europe! Though I thought cost of living was higher in Europe or is that only in places like London?
@owlwings (37695)
• Cambridge, England
12 May 10
Well, I see that your income (presumably joint) is between £22,000 and £23,000 a year. That is FAR more than I earn but who is 'richer'? I manage quite well on my income. I took a sizeable drop in income when I retired but, at more or less the same time, I was able to clear my mortgage and use my car less. I think that a measure of 'richness' can really only be determined, first, by what proportion of your income you have 'over' to spend on luxuries (of various kinds ... from 'home improvements' to 'personal improvements') and, really, by how happy you are with your life and yourself.
@owlwings (37695)
• Cambridge, England
12 May 10
Mind you, its algorithm is flawed. Whatever number you enter over 999,999 (or, maybe less ... never mind the currency) makes you the 107,565 richest person in the world! You can't get higher than that!
• Bulgaria
13 May 10
how rich are we this is the question!I don't know how rich are we. I dont richer than murdoc..I dont know how rich are we!
@urbandekay (18314)
12 May 10
Wow, I'm in the top .75%,cool baby all the best urban