How Much Money Per Day does the Average Person Live on?

Over three billion people — more than half the world population as of 2010 — live on less than $2.50 US Dollars (USD) a day. More than 80% of the population lives on less than $10 USD per day. To put that in perspective, the average American spends about $7 USD a day on entertainment alone, and more than twice that on transportation.

More money facts:

  • The world's billionaires (less than 500 people) account for about 7% of the world's GDP. Low income countries (about 2.5 billion people) account for only 3.3% of the world's GDP.

  • According to the World Bank, the poorest 20% of the world's population accounts for 1.5% of the world's total private consumption, while the richest 20% accounts for around 75% of global private consumption.

  • The world income gap is growing: in the 1960s, the 20% of the world’s people in the richest countries had 30 times the income of the poorest 20%. By 1997 that figure had risen to 74 times as much, and it continues to increase.

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Post 9

The rich don't just hoard money under a mattress or in a pool of coins like Scrooge McDuck. Where do you think your job comes from? Tech investment? Medical Research?

Post 8

@anon959161: You are so right!

Post 7

When you don't have morals though, and you hoard money, there is no moral obligation felt. I wish the wealth could be spread to everyone's basic needs were met then if they wanted more, they could work and save for that.

Post 6

This is wrong -- morally. Being a billionaire, I get it. Rich is very nice, but there is a moral obligation to help the next person. The richest should provide opportunities for those that are willing to work for an honest days pay. Pay a decent wage. Obviously, those who prefer to live off of others expecting a handout without the willingness to work or produce for the person helping them are not deserving of anything.

The difference between an unemployed hard worker and a leech is opportunity. One takes advantage of an opportunity while the other squanders it.

Post 1

Wow I never knew that! That's cool!

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