Global economic inequality: what matters most for your living conditions is not who you are, but where you are

December 09, 2021

What is most important for how healthy, wealthy, and educated you are is not who you are, but where you are. Your knowledge and how hard you work matter too, but much less than the one factor that is entirely outside anyone’s control: whether you happen to be born into a productive, industrialized economy or not.

Global income inequality is vast. The chart – which shows the world population’s daily incomes adjusted for the price differences across countries – shows this.

The huge majority of the world is very poor. The poorer half of the world, almost 4 billion people, live on less than $6.70 a day.

If you live on $30 a day you are part of the richest 15% of the world ($30 a day roughly corresponds to the poverty lines set in high-income countries).

To read the full article please go to link https://ourworldindata.org/global-economic-inequality-introduction