The Poorest Americans and the Richest Indians


http://economix.blogs.nytimes.com/2011/01/31/the-haves-and-the-have-nots/

Sort everyone in the U.S. by income, and arrange them into 20 groups.  The poorest group makes an average of $6700 per year.  Pretty poor, eh?  Now do the same for everyone in India.  According to the graph above, the poorest group in the U.S. makes more than the richest group in India!  I find that amazing.  Last year I went to a lavish wedding in India which certainly cost more than the life savings of someone who makes $6700 a year.  The only explanation is that my friends who got married must be much higher than the average 95% percentile.  Maybe they’re in the 99.99%.  There must be a lot of poor people in India — poor by U.S. standards — to bring down the average of the top 5%.

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