Download - Distribution of Household Income
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Distribution of Household IncomeCreated by Molly Abromitis
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Countries to Analyze
United States India Denmark Mexico South Africa
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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
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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
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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
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Mexico
2010: $11,940 Lowest 10%: 1.5% of income Highest 10%: 41.4% of income Gini Index: 51.7
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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
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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
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“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