Exactly How Rich Are You?

Exactly How Rich Are You?

Few people like to admit they’re rich. Even millionaires. After all, we like to compare ourselves to our peers, and the peers of millionaires are, well, even more millionaires — a few of which will always be wealthier (i.e. the grass is always greener). In this sense, even Steve Jobs might say, “Hey I’m no rich-o like my pal Bill Gates. I’m just a regular guy.” But, of course, regular guys aren’t billionaires, or millionaires, or … well, if you’re reading this on a device you own, you’re probably not a “regular guy.” (Or girl.) You’re probably rich. Congratulations.

Not convinced? The Global Rich List (GRL) was released today and it’s claiming that the average person earns 850 dollars a year. Moreover, even if you’re making the federal poverty line ($10,830 a year), you’d still be richer than 86.87% of the world. And if you take in a $50,000 yearly salary, congrats again, you’re in the top 1 percent. Life must be grand in the fast lane, yeah?

Okay, so a website says you’re rich (yeah, me too), but how does it know? Well, the GRL takes its numbers from the World Bank’s Development Research Group, which provides 1.) the global population (circa 2003), 2.) the average worldwide income and 3.) the yearly income in percentage for different income groups, and then applies basic math. Seems reasonable enough.

What do you think: Are you rich?