Is USA really a rich or a poor society or perhaps both?

[Will be deleted]

Sure this may be an absurd question because like everyone know about USA being the worlds largest economy, but what is the actual reality of people in it? But economic strength is generally messured in GDP which is considered quite flawed and just because the bussiness and the rich are doing well don't mean that apply as much to the people.

If compared to other rich countries, USA seems like an outliner, much worse life expectency, much worse workers rights, much worse poverty and much worse inequality, stuff that is actually much more similar to poorer countries. Seems so lacking in so many ways and while other rich countries are not perfect they do tend to do better in most areas and even if weak in some way probably still doing better in that area than USA.

[Pierce Dalton]

Define poor and rich.

[WraithTargundaMajarie]

Ursprungligen skrivet av Pierce Dalton:

Define poor and rich.

I'm With This One, Define Poor & Rich...

[Shlim Sady]

Ursprungligen skrivet av Will be deleted:

Sure this may be an absurd question because like everyone know about USA being the worlds largest economy, but what is the actual reality of people in it? But economic strength is generally messured in GDP which is considered quite flawed and just because the bussiness and the rich are doing well don't mean that apply as much to the people.

If compared to other rich countries, USA seems like an outliner, much worse life expectency, much worse workers rights, much worse poverty and much worse inequality, stuff that is actually much more similar to poorer countries. Seems so lacking in so many ways and while other rich countries are not perfect they do tend to do better in most areas and even if weak in some way probably still doing better in that area than USA.

Distribution. Plain and simple.

Ursprungligen skrivet av me (the prompt):

If you were to classify four levels of income by
less than $10,000 USD saved,
$10,000 to $100,00,
$100,000 to $1,000,000,
and more than $1,000,000

And use those categories to sort the US population, what percentage of people would be in those categories?

Ursprungligen skrivet av ChatGPT:

The classification of the US population based on the specified levels of savings can be estimated using data from surveys such as the Federal Reserve's Survey of Consumer Finances (SCF) or reports from other reliable sources. Here’s an estimation of the percentage of people in each savings category:

Less than $10,000 saved:
According to recent data, a significant portion of Americans have relatively low savings. Many sources, including a 2019 survey by the Federal Reserve, indicate that around 40% of Americans would struggle to cover an unexpected $400 expense. Based on this, we can estimate that approximately 40-50% of the US population has less than $10,000 in savings.

$10,000 to $100,000 saved:
A considerable number of Americans have modest savings within this range. This group often includes individuals who have managed to save some money but do not have substantial wealth. Based on various surveys and financial studies, it’s estimated that around 25-30% of the population falls into this category.

$100,000 to $1,000,000 saved:
This range includes individuals who have substantial savings, often including middle to upper-middle-class households. This group might be composed of people nearing retirement age who have accumulated savings over their working lives. Estimates suggest that around 15-20% of the population falls into this category.

More than $1,000,000 saved:
This group represents the wealthy segment of the population, including high-net-worth individuals. According to various wealth distribution studies, this category comprises around 5-10% of the population.

Estimated Percentages:
Less than $10,000 saved: 40-50%
$10,000 to $100,000 saved: 25-30%
$100,000 to $1,000,000 saved: 15-20%
More than $1,000,000 saved: 5-10%
These percentages are rough estimates and can vary based on the source and year of the data. Additionally, the distribution might be influenced by economic conditions, policy changes, and other factors that impact savings behavior.

[Neurotic Panda]

Ursprungligen skrivet av Face Diaper:

But in the town I live at, most people are worth over $10M.

when you don't live in reality, but you really think you do.

[HypersleepyNaputunia]

it is the cost of freedom to choose your own destiny, poor mississippi person can go to college become corporate ceo, or can stay living basic life at truck stop or something.

but in europe you have people stuck more in one class with less chance for upward mobility

[Abaddon the Despoiler]

Rich people can't be rich without poor people to keep things going.

[Neurotic Panda]

Ursprungligen skrivet av Face Diaper:

Ursprungligen skrivet av Neurotic Panda:

when you don't live in reality, but you really think you do.

You're jealous. You can admit it. I'll understand. :votetomops:

no not at all. I don't get jealous of other people. I just live in reality and accept facts.

there isn't a town in the USA where the majority of its residences make/have/own over 10 million, especially not potomac. The only case would be like some millionaire/billionaire only resort island or exclusive neighborhood or something.

but hey have fun out there lol

[De Hollandse Ezel]

usa as a state is rich.. americans as individuals are poor.
american culture is strong.. (not in danger to disapear anytime soon) but also rather shallow/unrefined..

the wealth is divided VERY unevenly.. meaning most actually live very poor lives.
many of those wealthy also have very little loyality to the usa.. other than invest in candidates to make the laws so they can grow even richer.. they care rats ass if the nation goes down the drain because of it.

and the poor mayority.. well they are badly educated and can easely be controlled by the media.. which very much is propaganda.

one can have a poor but rich life.. like if you have strong faith,.strong community, strong family.. but live simple lifes.. like early settlers did...

usa now.. may have materialist wealthy.. but they have poor lifes.. with weak faith, weak communioty and weak family..

[Will be deleted]

Many countries have higher social mobility, especially the scandinavian ones, who also seems to have more billionaries per capita than USA, yet don't have anywhere near the same poverty as USA.

[Neurotic Panda]

Ursprungligen skrivet av Will be deleted:

Many countries have higher social mobility, especially the scandinavian ones, who also seems to have more billionaries per capita than USA, yet don't have anywhere near the same poverty as USA.

cool. and what is the population difference between lets say the USA and finland..? I mean NYC ALONE has more people than the enitre nation of finland or norway.. sweden has more but by like 1 million. population size matters. greatly. funny how its always ignored to prove points in blanket statements.

I also love how in general people 'hate' billionaires and blame them and the 1% for the worlds issues. but will also say. this country is better or my country is great we have the most billionaires.

funny right? anything to 'win' an internet argument.

anyways, carry-on.

[Naedmi]

It's all about location

[videogames10]

Are you educated? Are you ambitious? Are you motivated? Are you a hard worker? Chances are you will succeed regardless of where you are from. Opportunity awaits.

[Chocobo & Moogle]

It's a country with a rich government, military and 1% CEO billionaires but the normal citizens are poor.

[De Hollandse Ezel]

Ursprungligen skrivet av videogames10:

Are you educated? Are you ambitious? Are you motivated? Are you a hard worker? Chances are you will succeed regardless of where you are from.

if your born in usa.. you most likely won't be well educated.. as education is crazy expensive.. and poor in quality on average.

hard work.. does not pay in the usa.. it has one of the LOWEST class mobility chances of any developed nation.. most wealthy people are BORN wealthy.. (kids born millionaires sometimes do become billionaires.. but non millionairs hardly ever become millionars)
-the wealth also concentrates ever more.. aka.. there are LESS wealthy people but what they collectively own grows...

say before you had 10 people each owning 3% of the nations wealth.. while the other 90 peope each owned 0.7%
now you have 1 person owning 70% of the nations wealth.. while the other 99 each own 0.3%
-> so basicly number of millionares drops.. but those that remain are now more likely to be multimilionaires or billionares.
->
never before has so large a percentage of the nations wealth been owned by so small a percentage of it's people.

if you want to build a life with education and hard work.. you better be born in europe.. while your still unlikely to own a house ever.. your chances for at least a median income are infinitely better.

[Poyzo]

Lots of poor folks have a bad habit of spending money as soon as they get it. Also, not a lot of people invest (or know how to). You have plenty of time, and access to the internet, so there is no excuse to not educate yourself on how to invest.