Distribution of Household Income

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

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

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

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

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

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