Does being rich make you happy?
That ’ s the billion-dollar question,
but most experts on the matter agree that having
certain freedoms and securities that come
with having lots of money does indeed improve
our feeling of well-being.
心理学家Daniel Kahneman和经济学家Angus Deaton认为
Psychologist Daniel Kahneman and economist Angus Deaton concluded
that once you have
an income of over $ 75,000 a year,
you won ’ t necessarily get happier with even more cash,
because it ’ s the safety net and
opportunities afforded to people that really help maintain
some level of happiness.
A life of penury is often full of fears, set-backs, drudgery,
and having to see all the time all
the things you can’t have.
But then something called the Easterlin
paradox tells us while rich folks are happier than
poor folks, rich countries are not necessarilyhappier than poor countries.
Today we ’ ll explore this,
in this episode of the Infographics Show, Why You Will Never
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Notification Squad. So,
what are your chances of becoming rich?
Before we answer that,
we need to know how much money you need to be considered rich.
This is obviously relative to every country,
but one would think if you have a million
dollars in your bank account, you can sayyou are rich. However,
it seems people don’t always thinkthis way.
In 2013, a report by investment bank UBS stated
that only 28 percent of people with $ 1- $ 5
million thought they were rich.
Even more surprising was that only three out
of five people with more than $ 5 million thought
they were rich.
这份报告关注的是资产 而不是手头的现金 然而
The report focused on assets, not cash inhand. Still,
who would have thought with over five million bucks
in assets, many people wouldn ’ t
consider themselves rich.
It would be quite confusing to talk about relative wealth
in every country, so let ’ s
stick with the United States.
There we have the mega-rich,
the 563 billionaires, but we also have a lot of just plain old rich.
As for millionaires in the country,
a World Health report told us there were 4.8 million
of them in 2016.
Many of those may not consider themselves rich,
but many of us would say they are doing
The U.S. Census Bureau states that median net worth
of a 35-year-old in the USA is about
财富会随年龄增加 在55岁到64岁间 大约是150000美元
It goes up with age, and from 55-64 it’salmost $150,000.
在65-69岁时 达到峰值 仅比195000美元低一点
It peaks at 65-69 at just under $195,000.
We couldn’t say these people are rich.
Even the top 10 percent might not be consideredrich.
The Internal Revenue Service reports
that the average household income for the top 10
percent of U.S. earners is $295,845.
For the top five percent, it’s $350,870.
The average for the top one percent is well over one million dollars.
For argument ’ s sake,
我们姑且认为 如果你是前5%的人 那你就是富有的
let us say that if you are in that top five percent you are rich,
never mind what you think of yourself.
How hard is it to get into that bracket?
It ’ s actually quite hard,
given that money often begets money, and unfortunately breaking
out of poverty is no easy task.
There is an old saying that goes,
“ The rich get richer and the poor get poorer. ”
But what does this mean?
For starters, most people who earn the big money have a university education.
As you ’ ll know from our other money-focused shows,
many tech entrepreneurs drop out of university,
but most of them grew up
in affluent families where they were afforded all kinds
of comforts and opportunities poor peopleare not.
In Malcolm Gladwell ’ s book, “ Outliers ”,
he points out that there are no self-made
Most people were helped with luck on the way,
and often this luck meant supportive parents,
good schooling, and having fostered in them
that they can do anything they want.
You ’ ll also know from watching our other shows
that there is a direct affect on how
much money you have, to how far you go ineducation.
Statistics differ depending on what you read,
but it ’ s thought that around 30 percent
of Americans over the age
of 25 have a bachelor ’ s or master ’ s degree.
The Atlantic tells us that more than 70 percent
of those that went to the top universities
came from America’s wealthiest families.
These guys will no doubt have no problems paying off their student debt,
if they had
In 2017, Forbes reported that the Class
of 2016 had $ 37,172 in student loan debt.
If you are not from a wealthy family,
then you are already struggling just when you get
how do you get rich when you come
from meagre beginnings, given that you might have
had only a basic education or
that your education became a financial albatross around your head. Still,
back in 2012,
a Gallup poll revealed that 28 % of Americans expected to get rich
at a time in their lives.
That ’ s positivity for you,
but this is a country full of natural born American dreamers.
Many will be disappointed,
especially if we realize that about 60 percent of American
wealth is inherited.
That means that those hoping to get
into the five percent already have to contend with
those already in the five percent.
It seems they are not making much headwayeither.
Evonomics的一篇文章告诉我们 “富人赚钱越来越多 越来越快”
An article in Evonomics tells us that “ The rich are getting richer, faster.“
At the same time,
the poor and middle classes are not going anywhere fast.
“ Because wealth begets more wealth,
it ’ s a self-perpetuating picture, ” said the economics
Wealthy households usually hang on to their wealth,
whereas less wealthy households face
all manner of dilemmas.
2017年 CNBC写道 美国家庭平均拥有8377美元的负债
In 2017, CNBC wrote that the average American family owes $ 8,377,
and that means you ’ ll
be paying off interest on that.
Rich folks buy their goods outright for the most part,
and so as a poor person you are
continually being faced with borrowing fees.
When you are struggling to pay for things outright,
you are prey not only to lenders
but to the system.
你们有人看了Last Week Tonight上
Did any of you watch John Oliver
John Oliver的表演了吗 他在节目上揭示了现实生活中有多少美国人
on Last Week Tonight when he showed how many Americans
actually end up in jail for municipal violations.
That ’ s right, when you can ’ t pay a parking ticket,
things can just pile up.
As Time magazine pointed out, when you are wealthy,
a violation is no big deal, but when
you are poor “tickets can wreck your life.”
For not paying immediately, additional fees arrive,
and then if you can ’ t pay the fine you,
could be locked up.
If you ever need a lawyer and you are poor,
you won ’ t be able to hire yourself someone
totally dedicated to you,
which is one reason why rich people can get away with things.
We could say the same about medical treatment.
If you live hand to mouth and can ’ t afford insurance,
but need medical attention, that
bill could ruin your life.
Being sick could take all the money you
’ d saved to send your child to college.
Being sick, physically or mentally,
could be on the cards given you might not be able
to afford nutritious, naturally grown foodsfor every meal.
Poor and sick in America is an endless moneypit.
One health journal stated that in the USA,
38.2 percent of poor people are in “ fair
or poor” health, compared to 12.3 percentof the affluent.
One millennial writing about how “ screwed ” his generation is,
wrote in an article featured
on Highline, “ My rent consumes nearly half my income,
I haven ’ t had a steady job since
Pluto was a planet and my savings are dwindling faster
than the ice caps the baby boomers
This is a generation that is growing up
when all the media is telling them the robots are
coming and automation will take all the jobs.
If you ’ re rich,
it ’ s likely you ’ ll find those niche jobs, or your family will own
the company that employs the robots.
This is a generation that has around 30
percent more student debt than its parents did, and
those are the ones fortunate enough to havegone to college.
People born in this generation are also half as likely
as their parents ever to own a house.
The American Dream may just be a myth,
as money doesn ’ t always trickle down,
and swimming upstream isn’t as easy as people may haveonce thought.
Researchers at the University of Illinois found in 2015 that,
“ The United States is
faced with record levels of income inequality and one
of the lowest rates of actual social
mobility among industrial nations.”
It seems for the most part you are what you are born to be,
and that means the rich stay
rich and most of you will not be part of that club. Or,
do you disagree?
Please let us know
in the comments why you will be different and why you will definitely
be rich! Also,
be sure to check out our
other video called 10 Surprisingly High Paying Jobs!
Thanks for watching, and,
as always, don ’ t forget to like, share, and subscribe.
See you next time!