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Distribution of Household IncomeCreated by Molly Abromitis
Countries to Analyze
United States
India
Denmark
Mexico
South Africa
Gini Index
The Gini Index is the general measure of overall income inequality in a nation
1 is completely equal distribution
100 is completely unequal distribution
United States
Average Household Income (according to census) 2008: $52,029 2009: $50,559 2010: $49,445
New Hampshire: $65,028
Mississippi: $35,693
Gini Index: 45
India 2010: $1,330
1.2 billion citizens
"Rich" households $35,000+ per year: 1.3% (16 million people)
"Middle-class" households $8,000 to $35,000 per year: 13% (160 million)
"Aspiring middle-class" households $3,500 to $8,000 per year: 30% (359 million)
"Deprived" households Below $3,500 per year: 57% (684 million)
There’s still 300 million left over, even lower than the “deprived” section Probably living on less than $800 annually
0.01% have a net worth over $1,000,000 Of these, 25 are billionaires
Gini Index: 37
Mexico
2010: $11,940
Lowest 10%: 1.5% of income
Highest 10%: 41.4% of income
Gini Index: 51.7
South Africa
2010: $4,008 (33600 rand)
3.8% of adult population earns 39.4% of total personal income
75.4% earn less than 50000 rand
35.7% below poverty line
Lowest 10%: 1.3% of income
Highest 10%: 44.7% of income
Gini Index: 67.9
Denmark
2010: $47,500
Highest standard of living for a developing country
Welfare programs make poverty almost nonexistent Healthcare, education, stipend for parents with children
under 18, assistance in housing if needed
Lowest 10%: 1.9% of income
Highest 10%: 28.7% of income
Gini Index: 24
“If Americans want to live the American Dream, they should go to Denmark”
-Richard Wilkinson
http://www.ted.com/talks/richard_wilkinson.html?quote=1138