5 ms·
The median annual household income worldwide is about 10k/year. 20k/year puts you in the 91st percentile globally for person income. So it's perfectly possible
by afcapel 7y ago
The median annual household income worldwide is about 10k/year. 20k/year puts you in the 91st percentile globally for person income. So it's perfectly possible to live with that money, most people in the world do.
- kuzimoto 7y agoI figured we were talking mostly about US, so technically until you're a family of 3 you're not living in poverty, which seems pretty reasonable. It also probably greatly depends on where you live. Housing prices closer to major/wealthy cities are more expensive. Having an income of 20k/year in US puts you at like 16th percentile.
- digitaltrees 7y agoCost of goods and services is proportional in most places. Human happiness is often based on perceived social standing rather than objective wealth. That is assuming your status is above subsistence level in your society.