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Distribution of Household Income Created by Molly Abromitis.

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Presentation on theme: "Distribution of Household Income Created by Molly Abromitis."— Presentation transcript:

1 Distribution of Household Income Created by Molly Abromitis

2 Countries to Analyze  United States  India  Denmark  Mexico  South Africa

3 Gini Index  The Gini Index is the general measure of overall income inequality in a nation  1 is completely equal distribution  100 is completely unequal distribution

4 United States  Average Household Income (according to census)  2008: $52,029  2009: $50,559  2010: $49,445  New Hampshire: $65,028  Mississippi: $35,693  Gini Index: 45

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9 India  2010: $1,330  1.2 billion citizens  "Rich" households $35,000+ per year: 1.3% (16 million people)  "Middle-class" households $8,000 to $35,000 per year: 13% (160 million)  "Aspiring middle-class" households $3,500 to $8,000 per year: 30% (359 million)  "Deprived" households Below $3,500 per year: 57% (684 million)  There’s still 300 million left over, even lower than the “deprived” section  Probably living on less than $800 annually  0.01% have a net worth over $1,000,000  Of these, 25 are billionaires  Gini Index: 37

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11 Mexico  2010: $11,940  Lowest 10%: 1.5% of income  Highest 10%: 41.4% of income  Gini Index: 51.7

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13 South Africa  2010: $4,008 (33600 rand)  3.8% of adult population earns 39.4% of total personal income  75.4% earn less than 50000 rand  35.7% below poverty line  Lowest 10%: 1.3% of income  Highest 10%: 44.7% of income  Gini Index: 67.9

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15 Denmark  2010: $47,500  Highest standard of living for a developing country  Welfare programs make poverty almost nonexistent  Healthcare, education, stipend for parents with children under 18, assistance in housing if needed  Lowest 10%: 1.9% of income  Highest 10%: 28.7% of income  Gini Index: 24

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19 “If Americans want to live the American Dream, they should go to Denmark” -Richard Wilkinson http://www.ted.com/talks/richa rd_wilkinson.html?quote=1138 http://www.ted.com/talks/richa rd_wilkinson.html?quote=1138


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