If you live in a “developed” country, and you are not homeless, you are probably not in that 50%. That 50% largely lives on ~3 dollars a day on average.
Not necessarily. Folks in developed countries have much greater opportunities to rack up debt and large negative equity. I would not be surprised if the bottom % are made up of students and gamblers that in practice have a far higher standard of living due to their access to money, relative to the developing world where people with a “net 0” balance are starving to death.
Jiggle_Physics@lemmy.world 4 weeks ago
If you live in a “developed” country, and you are not homeless, you are probably not in that 50%. That 50% largely lives on ~3 dollars a day on average.
Iceblade02@lemmy.world 4 weeks ago
Not necessarily. Folks in developed countries have much greater opportunities to rack up debt and large negative equity. I would not be surprised if the bottom % are made up of students and gamblers that in practice have a far higher standard of living due to their access to money, relative to the developing world where people with a “net 0” balance are starving to death.