this post was submitted on 01 Jun 2024
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Work Reform

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[–] [email protected] 21 points 6 months ago (1 children)

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.

[–] [email protected] 1 points 6 months 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.