World income
- The bottom half of the population receives less than $3 per day, on average, translating to about $1,095 per year.
- For the broader poorest 75%, average incomes would be marginally higher, likely still below $2,000 per year. This figure accounts for gradual improvements and variances among low-income groups across different regions.
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Contextual Understanding:
The concentration of wealth remains a significant issue, with the richest 10% of the population capturing more than 53% of global income.
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- The average yearly income for the richest 10% is generally around $50,000 to $60,000 or more, with many individuals earning much higher amounts.
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