Archive for the ‘OWS, Occupy Wall Street’ Category

Think global: Are you in the 1% ?

March 15, 2012

If you’re a loyal HomaFiles reader, you bet you are.

Even the Wall Street Occupiers are the 1% by Global Standards 
 
According to HBR’s Daily Stat:

Many of the occupiers who have been decrying the wealth of the “1%” probably are the 1% if you look at it in a global context.

Because the developing world is so poor in comparison with the U.S., the cutoff for the global 1% is an income of about $34,000.

Reference: Foreign Policy

Thanks to Tags for feeding the lead

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