Are you in the global middle class?
Find out with our income calculator
BY RAKESH KOCHHAR
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 of the most recently available data. Most people in the world were either low income (56%) or poor (15%), while only 9% lived at an upper-middle-income standard and 7% were high income.
See where you fit.
Start by entering your household’s income in 2014 in the currency of your country (our study covers 111 countries). This could be in daily, weekly, monthly or annual terms. Ideally, it should be the total income of all earners in the household. Your best guess will do. Next, enter the number of people in your household, including yourself. (Pew Research Center does not store or share any of the information you enter.)
So, to make this exercise practical, assuming a family of four people, I used three incomes; monthly earnings in Bolivianos for Bs3,000, Bs7,000 and Bs10,500; which are roughly $500, $1,000 and $1,500 dollars, for terms of comparing ourselves with the world, here are the results:
With a monthly income of Bs3,500 you belong to LOW INCOME, you share this status with 53.7% on people in Bolivia:
With a monthly income of Bs7,000 you belong to MIDDLE INCOME, you share this status with 18.6% on people in Bolivia:
With a monthly income of Bs10,500 you belong to UPPER-MIDDLE INCOME, you share this status with 7.9% on people in Bolivia:
To help foresee this more, if you are in a crowd of 100 people, and you get Bs10,500 on a monthly basis, which includes one 12th of all your bonuses received in a year, only 7 people from that 100, earn/hold that income as you do.
If you want to be more precise as how you fit globally, please use the link provided above.