Thursday, December 12, 2019
Are you at risk for poverty in your country If you make this much, you probably are
Are you at risk for poverty in your country If you make this much, you probably areAre you at risk for poverty in your country If you make this much, you probably areAccording to theWorld Bank, 10 percent of the worlds population lives in extreme poverty, defined as living on less than $1.90 greenback per day. While this threshold is shockingly low (it would amount to an income of less than $1,000 per year), residents in some countries can make significantly more money and still be classified as living in poverty.Eurostatdefines the At-Risk-Of-Poverty (AROP) threshold as having less than 60 percent of the countrys zentralwert income. Our latest visualization uses income data from census agencies in different countries to show how much money each countrys household must make to be considered at risk of poverty.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreIn order to ensure consistency when co mparing different countries, we translated foreign currencies into USD using publicly available exchange rates accessed in March 2019.Top 5 Countries With the Highest At-Risk-Of-Poverty Income Thresholds1. Singapore $70,640 median income $42,384 AROP2. United States $60,336 median income $36,202 AROP3. Australia $53,091 median income $31,855 AROP4. Canada $50,325 median income $30,195 AROP5. Switzerland $50,313 median income $30,188 AROPBottom 5 Countries With the Lowest At-Risk-Of-Poverty Income Thresholds1. Serbia $2,889 median income $1,733 AROP2. Romania $3,126 median income $1,876 AROP3. Bulgaria $4,090 median income $2,454 AROP4. Turkey $4,281 median income $2,568 AROP5. Hungary $5,692 median income $3,415 AROPFor visualization purposes, we chose to analyze countries where the data was available and updated. Poverty thresholds and other measures of economic well-being can also vary within a country, based on median household income and cost-of-living within individua l regions or cities. Interested in how income needs vary within a single country? Viewthis visualizationwhich details how much money Americans need for economic security in each state.This article originally appeared on How Much.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from jngstes Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people
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