2 points
That’s not how purchasing power parity works. You compare the incomes with the same power, no matter what class they are in their regional economy.
1 point
thats sort of what i mean. if i were to compare it like that, only our 1% would be on par with the western middle class.
1 point
Yeah, but there’s still the issue that half the US fits that 60k metric and that’s roughly 160 million people, or around 80 million working adults. So more than 1 percent of the global population right there. As I said above, the math doesn’t math. This myth discounts the entirety of Europe and East Asia (China actually follows the US in number of high net worth people).
There’s a way to talk about the difference in services and standards of living but spreading myths isn’t it.