2% (5,340,000) of the humans have 89% of the money. There is a total of roughly 535,000,000,000 dollars available. This is the number reported to be all the available currency. Using that number means that 5,340,000 humans have access to $476,150,000,000, roughly $89,167 a human in the upper 2%.
On the flipside of that, dare I say, let’s spin it to use the term. 98% of the humans (261,660,000) access to the remaining $58,850,000,000. That is a whopping $225 per person.
Does that sound funny to you? My math is right, plus or minus a few here and there, so how is it possible that we get by?
2006-10-14 05:03:01 · 6 answers · asked by dolphinparty13 2 in Science & Mathematics ➔ Mathematics
There is an astounding 1.5 trillion ($1,500,000,000,000) in US consumer debt. That is interest charges. Now, I don’t know how this debt is distributed, but just dividing the debt out among the humans, (267,000,000) each of us is responsible for $5,618 in debt.
Now, adding the $5,618 in debt to the $225 is $5,843 a year, times 4 for the typical household, and you get $23,372 a year. Which comes pretty close to the US Census Bureau data gathered in the last census. That is an odd mathematical proof.
Could it be that our economy survives is on the debt of the masses?
2006-10-14 05:03:46 · update #1
No, I don't want to know. But thanks for the offer.
2006-10-14 05:06:24 · answer #1 · answered by Jon W 5 · 0⤊ 0⤋
Sounds about right, if am paying off a car loan, mortgage, plus a credit card or two that is almost as much as my salary every month. Very few have extra cash after paying all their bills. You also have people who spend far beyond their means. Just look at all the rappers/rockstars and their extravagant spending. Fame is fleeting and take away the million dollar income and you hear of yesterdays rockstars are broke because they wasted it all instead of saving.
2006-10-14 12:21:39 · answer #2 · answered by Kainoa 5 · 0⤊ 0⤋
well, if it wasn't for the student loan i was conned into taking on, i wouldn't be in debt at all right now.
and if i could get one of those £13 to £17k jobs i'm currently hunting i could make a serious stab at getting rid of that
(and then it's mortgage time... damn it all)
it seems a fairly inescapable fact of modern life, but with sensible living and budgeting you can typically pull yourself through. a lot of people i've seen getting deeply into debt have been downright dumb with their money ... not that they know any better so it's hard to blame them, but dumb all the same. this unfortunately includes my dad, but he's admitted to this - holding onto too many high-rent committments too long after losing his job and not finding another...
2006-10-14 12:41:20 · answer #3 · answered by markp 4 · 0⤊ 0⤋
its called juggling money on a huge scale...robbing Peter to pay Paul if you will.
2006-10-14 12:08:27 · answer #4 · answered by 411sponge 2 · 0⤊ 0⤋
it is the wonderful world of credit......people claim to have alot of money but alot of it is in credit or stocks....if everyone were to cash in then as your numbers show.....the US will not have enough.....thanks for the facts.......
2006-10-14 12:13:04 · answer #5 · answered by Michael 3 · 0⤊ 0⤋
I'm gonna go suck my thumb while I cry myself to sleep.
2006-10-14 13:30:41 · answer #6 · answered by Walter Ridgeley 5 · 0⤊ 0⤋