Cost of living is a complex thing. People in the richest countries pay higher taxes for higher benefits. Those people living on less than $150 a month are likely living without having to pay many of the costs associated with things like clean water, sanitary sewerage, reliable energy supplies, functional communications, quick transportation, effective law enforcement, and so forth. Of course, they also don't get the benefits of those things. So, adjusting for the monetary cost of living won't tell the whole story.
6 Comments:
So where did you rank?
I want to see those numbers adjusted according to cost of living. They have people in the top 20% living on less than $150 a month.
I ranked in the top fraction of a percent. You?
Cost of living is a complex thing. People in the richest countries pay higher taxes for higher benefits. Those people living on less than $150 a month are likely living without having to pay many of the costs associated with things like clean water, sanitary sewerage, reliable energy supplies, functional communications, quick transportation, effective law enforcement, and so forth. Of course, they also don't get the benefits of those things. So, adjusting for the monetary cost of living won't tell the whole story.
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I ranked in the top 15% if I pretend I make what I live off of
Thanks for your comment. I really enjoyed talking about TR to my US II class this fall.
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