Risk Of Poverty

Are You At Risk Of Poverty In Your Country? If You Make This Much, You Probably Are

According to the World Bank, 10 percent of the world’s population lives in extreme poverty, defined as living on less than $1.90 USD per day. While this threshold is shockingly low (it would amount to an income of less than $1,000 per year), residents in some countries can make significantly more money and still be classified as living in poverty.

Q4 hedge fund letters, conference, scoops etc

Eurostat defines the At-Risk-Of-Poverty (AROP) threshold as having less than 60 percent of the country’s median income. Our latest visualization uses income data from census agencies in different countries to show how much money each country’s household must make to be considered at risk of poverty.

Risk Of Poverty

In order to ensure consistency when comparing different countries, we translated foreign currencies into USD using publicly available exchange rates accessed in March 2019.

Top 5 Countries With the Highest At-Risk-Of-Poverty Income Thresholds

  1. Singapore: $70,640 median income | $42,384 AROP
  2. United States: $60,336 median income | $36,202 AROP
  3. Australia: $53,091 median income | $31,855 AROP
  4. Canada: $50,325 median income |  $30,195 AROP
  5. Switzerland: $50,313 median income |  $30,188 AROP

Bottom 5 Countries With the Lowest At-Risk-Of-Poverty Income Thresholds

  1. Serbia: $2,889 median income | $1,733 AROP
  2. Romania:  $3,126 median income |  $1,876 AROP
  3. Bulgaria: $4,090 median income |  $2,454 AROP
  4. Turkey: $4,281 median income | $2,568 AROP
  5. Hungary: $5,692 median income | $3,415 AROP

For visualization purposes, we chose to analyze countries where the data was available and updated. Poverty thresholds and other measures of economic well-being can also vary within a country, based on median household income and cost-of-living within individual regions or cities. Interested in how income needs vary within a single country? View this visualization which details how much money Americans need for economic security in each state.

Data: Table 1.1

Article by HowMuch

Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Welcome in the new year by signing up up for ValueWalkPremium today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 1/31/2019 or after next 30 23 subscribers take advantage whichever comes first – please do not share this discount with others