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May 28, 2009

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Alexander Wilhelmsen

Hey Mark, keep this in mind. There is absolute poverty, and there is relative poverty.

I spent some time having fun and seeing how the numbers line up, and I looked and this and something that I understand is that yes, in the worldwide scheme of things, I'm very much rich.

However, in terms of American relative poverty, you can see where I fit in as a part time, minimum wage, student worker last year, as well as how American poverty lines up with the rest of the world.

However, that's beside the point. Something insane is that an annual Millionaire makes 20 times what an average guy makes and top actors and athletes make 400-500 households salaries.

Unfortunately, those of us that "Haves" in the world can't do much more than be glad we live here and in the place we live, while others who have much more don't do what we'd love to do.

It's why I'd like to be rich and famous in our context (the American context). With our cost of living, it's near impossible to live a decent life over here in the States without being one of the top 10% in the world individually and in the Top 1% (assuming a single supporter of a family) to live "average."

However, it is interesting how we are the most affluent in materials, but so broke in so many other ways, while others are rich in the things that really matter. For me, I want money, because money means you can do so much more for these people you can't go and see yourself.

My richest gains I count as loss, unless they are for God.


Here are the numbers I found:

90%=$400
80%=$500
70%=$616
60%=$733

The 50% level for this thing is $850 per year. Over $1487 is over the 25% level.

The 15% level is at $2182
The 14% level is at $6790 (big 1% difference) (I'm within a quarter point of this within the last year... hmm).

American Poverty Line for a single person under 65 is $11201, which is at the 13.05% level.

The 13% level is at $11450 and 12.5% is $13750.

So 7 out of 8 people make below $13750 per year.

To finish up the list:

12%= $16100

$18,500 is the 20% level for American households (11.48%)

11%= $20700

U.S. Poverty Line for the lower 48 for family units of 4 and 5 people is in this range ($21,200 and 24,800, respectively)

10%= $25130 (Top 1 in 10 people)
9%= $26850 (only $1720 up from 10%)
8.33%=$28000 (Top 1 in 12 people)
8%= $28550 (up $1700 from 9%)

Median U.S. working individial over age 15 in 2005 of $28,567 is found here)

7%= $30270 (up another $1720 from 8%)
6.25%=$31550 (top 1 in 16)
6%= $31980
5%= $33700 (top 1 in 20)

In 2004, 60% of American households make over $34,738 (4.69%)

4%= $37150
3.33%=$39450 (top 1 in 30)
3%= $40600
2.5%= $42300 (top 1 in 40)
2%= $44050 (top 1 in 50)
1%= $47500 (top 1 in 100)

$50,233 is the median household income for the United States in 2007 at 0.98%

In 2004, 40% of American households had an income of over $55,331. (0.94%)

In 2004, 20% of American households had an income of over $88,030. (0.73%)

0.5% =$124,000 (Top 1 in 200)

In 2004, the Top 5% of American households had an income of over $157,176 (0.29%)

0.25%=$162,000 (Top 1 in 400)
0.2% =$170,000 (Top 1 in 500)
0.1% =$186,000 (Top 1 in 1000)
0.05%=%194,000 (Top 1 in 2000)

At $200,000 it stops at 0.01%, and $1 over is 0.001% (not so accurate).

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