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KJW5551
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Also, nominal dollars, or even “purchasing power parity”, are a terrible way to think about money. Income is relative to the country you live in. As @redbetta said, what actually matters is housing/food/healthcare/ability to live a comfortable life.
Think about a couple in the U.S. with an income of $55,000 and three children. To you they are “rich”; in reality, they are just making enough to pay for housing/food/healthcare/transportation, with maybe a little extra for entertainment, etc.
slate.com
Think about a couple in the U.S. with an income of $55,000 and three children. To you they are “rich”; in reality, they are just making enough to pay for housing/food/healthcare/transportation, with maybe a little extra for entertainment, etc.
![slate.com](https://compote.slate.com/images/f85477e8-439b-47c7-9bd2-356745dcb267.jpg?width=1560)
How well can you live in India on $2 per day?
Recent news reports about the Congress Party's election victory note that two-thirds of Indians live on less than $2 per day. How far does two bucks...
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