What it means to be poor by global standards
What exactly does it mean to live on $2 per day? And how does that compare with the notion of poverty in richer countries?
Are you in the global middle class? Find out with our income calculator
On a global scale, just 13% of the world’s population could be considered middle income in 2011, according to a new Pew Research Center analysis. Where do you fit?
China’s middle class surges, while India’s lags behind
China and India both succeeded in slashing poverty from 2001 to 2011. But while that contributed to a rapidly growing middle class in China, it did little to increase the number of Indians who could be considered middle income.
How Americans compare with the global middle class
On a global scale, the vast majority of Americans are either upper-middle income or high income. And many Americans who are classified as “poor” by the U.S. government would be middle income globally.
6 key takeaways about the world’s emerging middle class
During the first decade of this century, the world experienced a dramatic drop in the number of people living in poverty and a significant rise in the number who could be considered middle income, but the majority of the global population remains low income.
America’s ‘middle’ holds its ground after the Great Recession
The share of Americans who live in middle-income households has held steady since 2010 – a flat trend that might actually be good news.
America’s wealth gap between middle-income and upper-income families is widest on record
The gap between America’s upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500).
Wealth inequality has widened along racial, ethnic lines since end of Great Recession
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
Wage gap between high and low earners rising most among Hispanics
The earnings gap in the nation’s workforce has widened in recent years as the pay of high-wage workers has risen and the pay of low-wage workers has fallen, but Hispanics may be feeling the impact more acutely than others.
As the population grays, Americans stay upbeat
Only about one-in-four Americans say the growing number of older people is a major problem for the country.