distribution of household income created by molly abromitis

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