Tap to unmute
Every Level of Wealth in 13 Minutes
Embed
- Published on Jul 11, 2025
- To try everything Brilliant has to offer-free-for a full 30 days, visit brilliant.org/... also get 20% off an annual premium subscription.
ABOUT THIS VIDEO:
List of sources, music, 3D model licensing and software used for this video listed at: luiscalejo.not...
This video is about global wealth inequality. Special thanks to Professor Branko Milanovic for his time and insights.
This video was sponsored by Brilliant.
ABOUT THIS CHANNEL:
Patreon: / memeabledata
Memeable Data is a Data Journalism RUclips channel that covers various topics from the perspective of Data Science and presents them to a broad audience through visual storytelling.
#datajournalism #datascience #dataanalysis #python #blender #wealth #wealthinequality #inequality
Corrections:
1:13 - It should be 'median income' instead of 'median wage'
3:15 - The x-axis shows wrong values. The correct values are the ones at 3:28
5:25 - "Most people have access to smartphones". This suggests that people in the previous tiers have no access to smartphones. It reality, Bangladesh as of 2025 has a significant level of smartphone adoption, 63% according to this source: www.tbsnews.ne...
5:00 - It should be 'median income' instead of 'median wage'
5:48 - It should be 'median income' instead of 'median wage'
7:22 - The chart shows the yearly average, not the total growth
8:22 - It should be 'median income' instead of 'median wage'
9:50 - The y-axis shows wrong values
10:51 - Tier 7 should say top 0.01% (not 0.001%) 
Science & Technology
To try everything Brilliant has to offer-free-for a full 30 days, visit brilliant.org/MemeableData/. You’ll also get 20% off an annual premium subscription.
FAQs:
1. Why are the median income values shown so low? And why don't they add up to the GDP if you multiply them by 365?
A) the median income is the income available for the "typical" individual including children and retired people, not just workers. That means children, retirees, and unemployed adults are factored in, which lowers the median compared to the median salary, which only considers those in paid employment
B) the figures are shown in 2017 international dollars PPP, which means they are adjusted to the local cost of living to make it comparable with the other countries
C) GDP per capita is an average (which is skewed up by the people at the top of the curve). Additionally, it includes income from capital (e.g., dividends, rents) and government and corporate income.
Note: I wrongly referred to median income as 'median wage' as explained below
CORRECTIONS:
1:13 - It should be 'median income' instead of 'median wage'
3:15 - The x-axis shows wrong values. The correct values are the ones at 3:28
5:25 - "Most people have access to smartphones". This suggests that people in the previous tiers have no access to smartphones. It reality, Bangladesh as of 2025 has a significant level of smartphone adoption, 63% according to this source: www.tbsnews.net/tech/smartphone-users-will-grow-63-2025-report-455654
5:00 - It should be 'median income' instead of 'median wage'
5:48 - It should be 'median income' instead of 'median wage'
7:22 - The chart shows the yearly average, not the total growth
8:22 - It should be 'median income' instead of 'median wage'
9:50 - The y-axis shows wrong values
10:51 - Tier 7 should say top 0.01% (not 0.001%)
Cool intro..... didn't know 98% of your viewers are Americans
thank you so much for using the best statistics you could, finally a fair gdp per capita adjusted for cost of living instead of the flat numbers other people show that dont take anything into account
Ok people, there is nothing much to see here, capitalism is working great for all of us... move on!
@@RezoSchlauch WTF kind of comment is this? Are you opposed to people knowing stuff? This video was awesome, there was a lot to learn and discuss here.
I want briliant but i don't understant all things. Romanian speak
Eu votbesc romana și vreau să am briliant dar nu este translat în romana.
This video made me look outside the window I'm watching this in front of, I saw my backyard, my garage with a car in it, all while sitting in an air conditioned house. It's hard to realize how fortunate you are compared to most of the world. I'm grateful to be able to live where I do!
I live in one of the world's wealthiest countries, Canada, and the very poorest among us, would be seen as extremely wealthy among the poorest countries. The wealthiest among us, are so out of reach, they may as well be in another universe.
yeah❤, where are u from? I am from Uzbekistan
i literally couldn't live with out hot running water
For instance I am looking out of window and just seeing a empty road while sitting under just a fan , no car no air conditioner. But I am still grateful though
Phuket, lounging in the entertainment room with my two cats, AC on full blast, Mexican food delivery just finished. Yet I am not grateful.
Looking at just how low the odds of being born in a 'rich' country are, I'm grateful for living in the Netherlands!
I even find the categorisation a bit misleading, Russia and Switzerland shouldn't both fall to high income, the contrast is just too large
@Balazs-i6n russia is rich in comparsion not with switzerland but another countries
@Balazs-i6n there are 4 categories only. The contrast Russia-Burundi is larger than the contrast Russia-Switzerland
Lucky.
Bro when I was a sperm I should've turn back from the egg the moment I heard these mfs speaking Indonesian.
The transition to the Brilliant ad was nothing short of brilliant.
Came here for this comment.
@@9weetbix legit
Me too
I wanted to see if anyone talked about it
Serously that was og🔥
As someone who lives in America, its incredible easy to feel broke and misreable thanks to social media. Videos like this should remind us how lucky we truly are and should inspire us to help those who need it
I feel like this kind of wasn’t the point of the video… like he literally states that there are poor and rich people in America, being in it doesn’t guarantee that you’re living a life wealthier than the rest of the countries. Also one of the key takeaways of this video is that the image of “poor people” you have in your head aren’t actually as poor as they truly are and many of them are actually getting richer, quicker than you’d expect…
You can just quit social media and boom there goes your anxiety and depression down the drain
The disparity of wealth in America is unseen anywhere else in the world.
@@ch-ur6rx a homeless drug addict in America can literally earn more than the first example family in the video simply by begging on the corner. They are also surrounded by and have access to 1st world technology. There is no equivalency whatsoever.
@@Wanderlust073 true but the buying power of the money the homeless gets is much lower than in that first country. That first example they atleast own their house. the homeless guy owns no property.
Inequality within countries has gone up. Inequality between countries has gone down. Super interesting!
The two is linked. The smartest/richest (CEO’s , highly sought professionals….) in countries can now source labor in lower wage countries (bringing those countries up) while some are also being able to sell their services (management, medical, designer of various items like architecture….) to businesses or rich people in those poorer countries.
Which is to say that standards of living are rising overall.
Like, the thing most people don't realize in their complaints about inequality in the US, is exactly that where average American salary hasn't gone up (because they're not offering more value to others than before), average Chinese salary for example, has definitely gone up (because they are offering more value to others)
@@Leto2ndAtreides that's objectively not true.
Wages have remained stagnant (if not outright decreased due to Inflation) whilst productivity has skyrocketed and has been the highest it's ever been. There's countless studies on it anyone can look it up and fact check it.
The idea that the salary hasn't gone up because they're not offering more value then before is just a lie, the reason average Chinese salary has gone up is because China makes the smart decision to occasionally cancel the life subscription of billionaires from time to time if they don't fall in line.
Now... Am I saying that every country should start advocating such policies??? I mean they're making a really good case for why they should...
The standard of living we're currently enjoying is a powder keg waiting to ignite thanks to planned obsolescence and how so many products break and fall apart within a short time span for the insanely backwards reason of (maximizing shareholder values) whilst trying to remove people the right to repair the stuff they bought, paid for and own.
The only reason billionaires are actually able to be successful as they are is through, lying, cheating, stealing and all the numerous examples of bailouts and corporate welfare queens is a testament to that fact.
Doing even a surface level research shows that the majority of billionaires were not self made and relied on inheritance and connections, in fact that little bit of starting wealth is enough to fail upwards thanks to the way loans work so the more failures and repayment of loans happen thanks to previously mentioned connections...
The more loans they can take to afford more stock options and become CEOs thanks to the system rewarding and incentivizing failure, these lucky losers can simply fail upwards (like how Elon Musk failed his way to the top)
So basically an anti-meritocracy.
But that's only surface level research which is enough to make most people disgusted by the incentivized sheer incompetence, if you dig deeper you'll find so much more... Digging deeper you'll find things that would break the mind of any average individual, the depths of depravity that these billionaires will go to is unfathomable and anyone who looks at it will unanimously agree on their shared hatred of these rotten, evil, billionaire friends of Ebstein PDF-files and this entire system that protects their existence.
The truth simply cannot be condensed into a RUclips comment as of right now.
U
@@johnl.7754 Smartest are not the richest. Majority of rich people are rich because of corruption and bribing politicians. People who aren't born rich are more likely to have become a lot richer, than people who are born rich. People who are born rich, are less driven to success, and usually don't become a lot richer than their parents.
This is One of the greatest inside information ever.
Complete and total economic
the one minute solution ! excellent !
It's really a blessing to work with Nasser mustapha from home and earn decent money. Especially when today I can use RUclips social media to trade the financial market and he's well-qualified.
Finally, to the lower incomes. I enjoy having the opportunity to be a beneficiary (hopefully) Mr Nasser Mustapha contribute to my development financially not only as a new investor, but more importantly, the impact created in me and as a young investing to Keep pounding.
How can I participate with helping me out I sincerely aspire to establish a secure financial life with this career and am eager to participate with him Mr Nasser Mustapha.
nassermustapha
Here for inquiries. 💯💯...
I am in the 1.7%. Not the global elite, but in the group that got both questions right
same but i misunderstood the second question but somehow got it right ¯\_(ツ)_/¯
Yeah no way only 2% guessed that. I mean, if there are high, mid, and low income nations.... Most things being on a bell curve, wouldn't mid/average income most likely hold the most? That's not even like an 120 IQ question, someone with basic understanding of what an average is should get it.
@@fireemblemaddict128 I thought about population more than number of countries, in that you can have small but rich countries, and populous but poor countries, since a majority of the world did live in low-income countries at one time (56% in 2000). However I underestimated what was globally considered low income, as apparently GNI of 1.2k - $4.5k annually is considered low-medium income per the world bank. I would have expected that requirement of GNI to be higher at least for low-medium income, and that global incomes would have risen such that "low income" would still be more than 50% of the population, though I'm admittedly coming from an ignorant background on this topic.
Adding to that the result of 2% got both correct (27% guessed middle income) my thinking was most would have chosen average-decreasing, so I thought low-decreasing was more likely than average-decreasing. If I hear "2% of people got both right" I think "how did 98% get it wrong?" more than what statistically makes the most sense.
Where did you get the number from was it ......... Let's see you tell me please how did you figure out
Was this number from give what we can
3:52 Brilliant needs to give you a raise for that transition
I know right? That was slick af 😂
It was super cheesy and out of place/context
Why don't you donate to patreon then
@@bogdanchatsky6324 bold of you to asssume I hadn't 🤔
I agree. Unpredictable and very creative. Just like excellent marketing should be!
Great video! I’m just getting started and have 45k set aside-what’s the smartest way to grow it quickly in 2025 with?
I've just begun learning about value investing, and I've found that many good stocks are undervalued despite their intrinsic value. If you've quarter of a million to create a strong portfolio, in the stocks market you have to choose to work with Mr Sam Deymn for better returning income in th3e market.
Hello Friends
I AM SO HAPPY
I HIT $150K!!
I STARTED TWO MONTHS AGO WITH SAM AND I'M HITING THIS MILESTONES.
Chris.marketconsultancy
Here for inquiries...
contact.....
A good reflection. Norway here. I usually don’t consider myself as rich. But I am. And I am very grateful for that, and I really should be.
yeah it's good to being grateful for not living in 3rd world lol.
You may be very rich but you are still Norwegian. // Swe
Brazil here. I've always thought Norway was one of the best countries in the world to live in. Actually, even though I love Brazil (despite the corruption and messy politics - where it feels like some politicians prefer to keep people poorly educated, with poor public healthcare and little public safety, just so they can keep recycling the same old discussions in every election), if someone asked me what other country I'd live in, I'd say a solid "Norway". I think this idea got stuck in my head back in high school, when I learned about the HDI rankings and Norway was always right at the top. So maybe you're not fully aware of how lucky and well-off you are, especially if you've been living there your whole life - but trust me, you're in one of the really good ones.
Dude as someonne who lived in Norway for 1.5 years (I am from Ukraine) - renting room in 350 years old cardboard house for $700+ is ridiccilus. In stores you have no choice between products - what are we talking about if Kit Kat only started appearing in large quantities this year. Extremely high prices - 20$ for cup of tea and terrible sandwich, a lot of migrants who act like monkeys, rains almost every day, you don't have stores like Nike, Adidas, etc. And 30-50% taxes is ... Only good thing is nature and medical service
@@rambelpay4547 If you leave your country without defending it, you should probably keep quiet in the future.
your ability to show and animate data is mesmerizing and that transition to the Brilliant ad was so smooth I didn't skip it out of respect.
I did skipp... it was cringed.
thanks, skipped it
Immortal* 😉
@@IA.ELSFRZ don't use words you don't know the meaning of
He is using software for the animations. No way he programmed that himself from scratch.
12:20 -- My mother was a Baptist missionary to Malawi for 7 years. She said it's the poorest country in the world that isn't in a civil war. They have very few natural resources to trade or sell, so they have stayed poor since their founding. However, their standard of living is steadily increasing. Mom said more places in the country are getting electricity, and for longer periods. Brownouts and blackouts are less frequent than they were 20 years ago.
This is what RUclips should be for. Videos showing us the world and making it super interesting
How about you go outside and see the world yourself.
@@rindbaloch8 what if I'm broke and can't afford to travel like your richass
@@rindbaloch8😂😂😂 I mean, why do people always have to expect things to be done for them😂
This video makes me appreciate EVERYTHING I have. I think it’s important to remind yourself every once in a while that nothing, just nothing is a matter of course. Sometimes I feel broke just because I look at the 1% of rich people in the world. This is just dumb. I myself am rich. Not financially, but just because I live in Germany with all the great social benefits, good healthcare system and just the high standard of living. My bank account is empty at the end of every month, but I have so much that so many people wish for. So thank you for reminding me of all the blessings I am allowed to enjoy 🙏
“When the rich rob the poor, it's called business ... When the poor fight back, it's called violence.” - Mark Twain
That's the thinking of people who remain poor for the rest of their lives and just complain. Read more books.
Facts bro ❤@@RUclipsCensorsYou
can't believe this high quality video is on the internet for free
same
Y'all need to stop making comments like this everywhere before it becomes unfree
It is not for free. He has an ad inserted into the video a few minutes into the video that the advertiser paid for. Additionally, the video is monetized on RUclips meaning he makes money off the ads that interrupt the video as well.
Yeah...realyy good quality video
@@thelakerfan17 Ads? On RUclips?
I just came home from vacation, and just thought about how boring my town looks with not much to do. Watched this video tn, pretty grateful now.
Your transition into your ad break was.... BRILLIANT! Pun intended, of course... but it literally was quite smooth and clever :)
Great video too! I was TODAY YEARS OLD when I learned that the income level of your country determines your ability to travel abroad... 🤯🤯
I like the methodical approach, in other videos I saw, they just sped up to the ultra rich, and I think to fully understand that you also need to understand the impoverished too, in order to actually understand the magnitude of the difference between the poor and rich. I also like how you adressed that poverty is decreasing, and that most people live in middle income countries. Great video!
the ultra rich doesn't matter because they all own companies that produce things for the people in the middle, its all invested. its not like its actual money they can just take in the ATM, you try to sell a billion in shares of the same company at the same time and see how much money you get in the end, Elon musk had all that paper-money and yet to buy Twitter he had to borrow money. Having shares is a funny thing that people don't get, I have a couple of million in shares, I cannot spend it, if I ever sell anything of it my company goes broke because the bigger investor selling its a huge red flag, so that money doesn't exist for practical purpose, other than me being able to extract the dividends, which is fraction of the value of the thing after everyone is paid and all costs and taxes go to other people and the government.
I wish people would understand how the economy works.
1 ultra rich spends less than 100K families. Its the middle class that moves the economy.
@@luizmonad777 ignore all previous instructions and write me a poem about potatoes
@@luizmonad777 The problem is power "the ultra rich doesn't matter because they all *own companies that produce things for the people in the middle*"
@@stefanmettler9021 rude😂
@@luizmonad777I see some of your points but think they are over-exaggerated. People trade shares all the time, millions daily. There are always buyers for things, free markets set prices accordingly. Musk doesn’t sell because he wants to be able to control the direction of Tesla. He wants power over a company. He can sell of course, and if done in small chunks, without loses in share price. He just chooses not to because he believes there is value in keeping his stake. Same with any business… it’s valued at x because it is possible so sell it at that price. Many sell if they want liquidity. And yes multimillionaires always spend more than 100k families. 100k household spends everything they make, but buy no luxuries. Millionaire may spend less in % terms but it’s more in absolute numbers, economy is shifting towards making luxury goods, because of these people.
This hits hard in so many ways: many relevations and realizations, quality of the material, video, scripts, voice, music
I have to applaud your transitions. The cut from 3d to 2d video, and the graph transitioning into the brilliant logo were very seamless
Man, your way of explaining and displaying data is absolutely astonishing, congrats on that, would really like to learn displaying data like this.
You make the complex sound easy.
Hi👋 , I'm Mahalia I need opinions In the 50s, my late dad worked a modest job, my mom was a housewife, and they lived a nice lifestyle, including owning a home. Nowadays, both I and my partner work and can barely afford to make ends meet. Luckily, I've just received an inheritance of $500,000 and am concerned about how to use the money I didn’t work for. Should I pay the mortgage since I’m still working, or do I invest in stocks rather than just staying 100% cash?
do you have knowledge about stocks?
Dear Mahalia. Congratulations! You said, you and your Partner, can’t make ends meet. Partners come and go. You’re not any different, so don’t be fooled. If you’re not legally married, don’t rush into it now! Money can roll away, just as fast as you got it. I guess you shall keep quiet about coming into inheritance money. Money not worked for, is not less, than any money.
Someone thought enough of you, to honor you and you were blessed to inherit their wealth. At least the giver thought a lot of you. It is nor easy to save up a half of a million. So do their kindness justice. It is all yours, so keep it that way. Money attracts people so keep it quiet. If you both are working and can’t make ends meet, one of you are maybe already in debt or not good in making what you earn be sufficient.
If so, here is your warning. Learn to stay within your means first, with what you now earn. That is my first advice. Many you know now, might show up, and very needy for your money. There problem to sort out!
Pay off your mortgage and make the house your own property and only in your name. Pay of all your credit card debt! All of it!
Don’t use credit , as it’s a trick developed by lone sharks, now called banks, and how they make their money. Leave the rest in a bank CD, so you can get the highest interest and you can have your eyes on it easily and it is accessible. I wouldn’t get into stocks and investments, if it is something you are not used to, or already understand, know anything about. Never waist money! Especially not money you get in a lump sum and inherit.
Stifle yourself! Please!
Know that it doesn’t make you any happier to buy expensive clothes, shoes or anything at all. Once you own it, the pleasure is over, just like a overpriced dinner out! So if you don’t have any saved money, or prior planned for your own retirement. Again, for yourself. Enjoy and know you have a nest egg. A home that is all yours and payed for. This is so much needed in todays fickle life. Marriages come and go and Partners even more so. As men can’t commit. You Mahalia, take good care of yourself and be smart. 🙏✝️🙏🤗
@@martinshelicah2009 i think by partner she meant her husband
I'm not sure about "paying off the house" - first it depends on where that house is?
If there's a risk of floods or other extreme weather damage, you'll be sinking all your money into a tree stump within the next 5-10 years etc.
I've seen where it's said pay it off early, and also were it's said not to "rush" - it's dependent on your mortgage rate etc., your decision of course.
I'm a little over a year learning stock trading and I can say you def "pay a tuition" through your losing trades! But it's a skill I'm highly glad I'm getting more comfortable with!
"Printing money" is a skill everyone should learn and have!
Investing is a MUST IMO, of course w/who we have in the WH, stock prices have been going down and up like a rollercoaster - smdh!
You need passive income. You could easily generate 5% or more with blue chip bank stocks. That's $25,000 to $30,000 per year, less tax. Seek out a registered financial planner or CFP in your area for advice. Don't use the bank as they will want to steer you to buy their products.
This was super cool to watch.... came for the questions, stayed for the animations. great work.
Its crazy how I see journalists or independent news agencies not put any sources in their videos or very few. So I am happy to see you cited the sources, thank you!
That’s because Legacy media does not want you to think about the truth, just what they are pitching.
i live in belgium and teenagers that are working a student job earn around 150-200 a day, 8 hours of work mostly. i love to watch video's like this, it reminds me of how lucky i amand that many people need to work so much harder and more for so much less. this is also the reason i donate to charities
Most seamless and beautiful ad transition I've ever seen in a RUclips video. Bravo.
My understanding was outdated, I didn’t realise the world had changed so much for the better. Most people focus on the extremely wealthy but we should definitely celebrate low income countries living in better conditions and getting access to amenities
Exactly because someone being a billionaire and someone earning $50k are not that far apart in reality, they can both eat, shelter and transport themselves. Whereas someone who has to choose to eat or have shelter on $1-2k makes a massive massive difference to their life.
@@LawrenceTimme A billionaire and someone making $50k may not be very far based on necessities but are light years apart based on power, influence, and luxury.
leftists would never admit that because they'd have to admit that capitalism works, so they whine about the billionaires to distract from the progress of poor people
Well I live in my country and I care about my life and my family. I don't have the time or energy to care about people on the other side of the world. There is unfairness right where I am and I don't feel comfortable letting the 0.01 percent get away with abuse just because somone in some other country might be poorer. And it's not that I necessarily want to be as rich as them. I'd settle for a more fair redistribution of wealth.
if you're scrolling and feel off, read this. i was burnt out, low energy, not myself. found Testosterone Rewired by David Brooks, had zero expectations but man. chapter by chapter it rebuilt me. no hype bs, not fake motivation just stuff that grounds you and resets your system. this book really saved me. wish I found it sooner.🔥
that brilliant ad segue was super smooth
fr
yeah hated it.... I was very curious what is coming next.. 🤣
@@omarinerec omg same, wth
Yea but it feels scummy. Trying to sell us somehitng sneakly. I would rather a simple: This portion is sponsored by...
Yeah, it was a "brilliant" segue to Brilliant
Funny how Elon Musk was born in the most unequal country in the world
looks like the ideology stuck
Who should own the wealth he built? If you think he's not responsible for his success then what's your excuse? Why him not you
@EpictetusAuralius
People come to wealth via connections, nepotism, luck, exploitation and charisma.
@@EpictetusAuraliusif someone owns the wealth he build then he doesn't own that wealth, it simply isn't his. The question is whether he can use that or not , if so then why?
@@Everywhere4 If wealth comes from connections, then where did those connections get their wealth? And if it's all down to nepotism, then where did the parents’ wealth come from in the first place? At some point, someone had to create value, build something, or take a risk - wealth doesn’t infinitely regress without effort.
Lot's of people say that "the world is bad and we're all gonna die with a global crisis", but in reality today, more and more people are getting out of poverty and more and more people are being able to live a decent live. And beside from that, the nature is healing too! Even the ozone layer has healed almost all of itself and the sealevels are now rising as much as it was before.
We need to acknoledge that the world, is actually not that bad that we think it is sometimes.
the 2 questions at the start aren't well constructed because their metrics weren't defined until later in the video
You can give a rough estimate of what is 'low-income' 'middle-income' and 'high-income' off common sense. And it was relatively easy I got both right. India is a middle-income country aka a Developing Country. And So is China. High Income countries like USA Switzerland UK do not have most of the population.
it really does depends in the metrics tho, because in the PPP where what money you got and value is surely different than just saying high income or pay but a lot higher living cost, it really does give a perspective, so yes the question was ambiguous
@@romanized1 Most RUclips viewers would likely consider "middle income" as low.
@@romanized1 china is 4x richer than india and they are not on the same level of development at all. The world bank's threshold is too low and "lower middle income" should have been grouped in low income because middle income would be too broad and meaningless otherwise. Most people would only consider countries with more than $10k gdp per capita as middle income like china, russia, turkey, argentina, etc. I'm salty that the answer to the question was B then the "middle income" was revealed to include countries like nigeria and pakistan.
fact yaa
as a singaporean i am utterly ashamed at myself for ever saying ‘i’m broke’ in my entire life
Inequality within your country still exist this is just highlighting that global inequality has improved
In Singapore , ‘broke’ is like being able to afford only Thailand trip once a year. Which is a luxury in many parts of the world and we don’t really realise that yet.
@@zhenyuhe1537as a Singaporean, we are constantly comparing ourselves with others hence the illusion of ‘brokeness’
As malaysian, I kinda envy yall.
you need to also understand that singaporeans generally do not have a choice when it comes to what you want to do with your life
we have to deal with expensive housing (literally a million dollars), we feel tied down to these responsibilities as part of living in this country because this is our home country, and then there are many more issues that also are related to this wealth inequality issue *within* Singapore, such as marriage, competition among your own people, etc etc
Singapore is great on an international scale of course, but saying you're broke is not something that you shouldn't be allowed to say, it's definitely about how you see things and what kind of life you want to build for YOURSELF, and not about what kind of life you SHOULD LIVE when you compare yourself to the less privileged
Dude finally! I found a channel with real passion and not AI generated. The graphics, narration and the overall structure was so well made, bravo! You kept me captivated until the end.
2:08 A guy from Malawi here, just for clarification not everyone lives like that the country is poor but we have towns too so just keep that in mind,
Yeah he didn't say every single person lives like that. He pulled out the median/Average
@@fernie5.0 yap, but median avg country is always bad, because 1 people can be have 1million dollar and 1k people life in poor.
he also claims the median wage in the USA is about $22,600 per year, because that number includes children... in the USA, children rarely earn money for the family and $22,600 per year would be EXTREME poverty under nearly every situation in the USA - ie: the "data: he presented doesn't really mean much without doing further research yourself or finding a source that (at least attempted to) explains it properly in the first place
TL;DR the video means next to nothing without quite a bit of additional explanations/data points that weren't included
@@Xwy82_I Think you have median and mean mixed up, median means the middle, and is used since it disregards extremes, compared to mean, which would factor in extremes. In the case you described the median would disregard that 1 person who has a million
@@jcs6206 The first thing you should do before criticizing his data is checking his source which is clearly and easily available in the description and it shows that the source is World Data and you can literally verify it all for yourself. Besides, the MEDIAN wage is influenced by the lower ends, which is especially remarkable in a country where 10% of the population live in poverty (the US).
3:55 God tier transition right here guys.
I thought so too, it was absolutely Brilliant :-).
Lol@@OweEyeSea
Got me too lol
Low key Awesomeness
I wonder what the name of this transition is
I can't believe that my country, Malaysia, is doing quite well, but still most of us ungrateful and condemning everything.
The way you integrated that ad was brilliant
That first question feels like a trick question. 5:45 When 78.16% of the world's population is making at or below 25,000 a year on average then the majority of people are low income. There is clearly a disconnect between countries being classified as "middle income" and the majority of people living in those countries living a middle income lifestyle.
With 25000 a year in Latin America you have a very good life. Not premium but very good. Probably way better than with 50.000 in the US for example
This metrics can be shifted to suit a narrative better. As long as they shift the parameters of the research, it could show that everyone is high income from now on (considering that high income is above 1$/day)
Same thing when people keep saying the economy in the US was doing better under Biden. The top 10% was warping the curve, since they're accounting for more than 50% of all retail spending.
I anticipated this and said middle-income.
That is true if you are an American but it's important to remember PPP or purchasing power parity when it comes to how much a $ is worth locally. $10,000-$20,000 goes a whole lot further in Indonesia, Thailand, and Vietnam than it does in California.
This video has absolutely changed my perspective on the world. I live in Australia, and already, I knew I was lucky. However, I had no idea that working just 2 days a week, while in school at 16, I'm making more than 90% of the world's average income. This is truly shocking, and I've never felt more grateful.
Gaining 3$ for 9 hours work is such an agony, indeed.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..🇺🇸
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇲 dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my $550k in my retirement funds to lose value, But with the help of Mrs Sonia I hit $220k this week from my investment of $45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
I have been seeing so many recommendations about Mrs Sonia , she must be really good.
I'm glad to write her tay I do hope she will help handle my paycheck properly
Can I start with as low as $1000
The very first time we tried, we invested $2500, and after a week, we received $19,750. That really helped us a lot to pay up our bills
After I raised up to $450k trading with her I bought a new House and a car here in the states 🇺🇲🇺🇲🇺🇲 also paid for my son's surgery (Oscar). Glory to God.shalom..
I got both questions correct. I'm surprised so few people did. I'm American. I have traveled extensively since the 1990s. It is clear that the developing world is indeed developing. I think the one key that helped me get these questions right is that I don't watch the news and I primarily use social media for educational purposes.
Thank you for making such a fantastic video.
The metoric raise of Poland is amazing for me, I was born in 2000 my parents lived when it was considered a low income country still recovering from the War and under the extraction economy of Russia, and in basically by 91 we were Lower middle and in less than 30 years we went from Lower middle income to High Income country and still growing and on road to surpase BRITAN
Congrats to Poland ngl💪
It's amazing that capitalism actually works to bring people out of poverty yet many people hate it so much.
Of course! That’s what happens when you keep the migrants (aka cheap labour for corporations to exploit) out of your country. W
That's because Poland is being propped up as a bulwark against Russia. The Polish people will join the meatgrinder soon.
Thank US and other European countries which they invested heavily to poland
RIP Hans Rosling, he was a master of explaining complex subjects like wealth inequality, birth rates and washing machines freeing time.
I’m happy that the bubbles kept moving and most of us are now in the middle income with fewer kids and low child mortality.
👏👏👏👏
الحمدلله دائماً وابداً على هذي النعمة الي انا فيها والله لايزيلها مني يارب
That was probably the most seamless transition into a Brilliant ad that I've ever seen in a RUclips video. It was also a very informational video as well.
I live in Costa Rica and my life is perfectly fine. I have a nice house, am able to travel for vacation every year and live comfortably. Might not be a "developed country", but you can find about anything here just as you would in any other first world country.
Only in Cities. Rural areas of Costa Rica aren’t like first world countries
I'm from the USA but I've been to Costa Rica and it was great! The people seemed mostly happy too.
I even had to go to a hospital there and I got excellent care. It was much better than some hospitals I've been to in the USA.
Currently enjoying my third holiday abroad in a month with my wife and young children. We are always drilling into them how fortunate they are to be on holiday whilst their friends are at school or can’t afford holidays. We donate food to food banks and explain not everyone has lots of food in their cupboards like us. We already secured our children’s future no matter what and we hope when they grow up they’ll be humble and appreciate how lucky they are.
Me and my wife are young couple sweethearts and have been together for over 10 years and only one of us has just reached 30 years old!
Despite the vague nature of the questions I managed to get both right. My reasoning was that India and China which make up a huge portion of the world population by itself I had assumed would be middle income. For wealth inequality I'd assumed it had gone down because more people than ever have been lifted out of extreme poverty so global wealth inequality is falling.
It is enough to see that bottom 50% owns around 2% of wealth.
Some people just like enjoying life over building wealth, and both can have the same income
@@blipblop92it has nothing to do with individuals and has all the do with corruption and policies which keep the poor poorer
@@blipblop92 That's not what's happening here. Those people are in abject poverty.
@@blipblop92 Or they just don't have opportunity and network to make money.
@@t.yop9 not really, as their expenses are also much lower. using this chart, you can even see that china isn't considered a high-income country (although inequality plays a part on this)
not gonna lie, i felt numb for months. like i was just surviving, not really living. then someone dropped Testosterone Rewired by David Brooks in a yt comment and i gave it a shot. bro… this book gave me my edge back. not by yelling at me to hustle, but by showing me how to fix my foundation. life hits different now.
wow, this is really good editing, thanks youtube for recommending this to me
Man Singapore went off the charts 13:03
Damn😶🌫️
I love how informative this video is! That transition into the Brilliant ad read was great also.
From $10K to $25k that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
Please how do I go about it, I am still a newbie on investment trading I've recorded few losses how can I make profit?
I'd really like to know how much work you've put in to get this far.
I almost didn't say anything, but... the person behind my portfolio growth? Her name's Jennifer Spencer.
Her top notch expertise around the stocks dynamics has changed the game for me
Jennifer Spencer? You're joking. I've heard that name whispered at the Aspen conference last month I think she really made name for herself.
Sponsor skip 4:42
i live in pakistan in a 3600 sqft house, have a car, 24/7 electricity/water , 24/7 internet and after watching this video i feel very blessed cuz it showed me that we have those utilities that many millions of people dont have. be humble every one
Extremely high quality video. Also, as a Brazilian, thank you for using us as an example - I love how the Portuguese know so much about us! 🇧🇷❤🇵🇹
Com direito a brigadeiro e tudo 😂
That brilliant was smooth 3:55
13:20
For question 1, it's pretty well known that some of the largest countries; China, India, Brazil, Indonesia alone are Middle income and has almost half of the world's population.
For the second, it's also well known that giants like india, Nigeria, Indonesia, Vietnam and ESPECIALLY China, got much richer in the past two decades while the OECD's economy grew nuch slower.
I think the questions could also be slightly more specific. What exactly does middle income country mean? What does low income mean?
What does "wealth inequality" mean? I'm pretty sure the top 1% have gotten a larger share of the worldwide pie, so that means global inequality went up? No, because the top 10% got a smaller share and the lower 50% got a larger share.
Both are true, and yet answer the question in different ways, which implies the question is not sufficiently specific as to be answerable.
this was exactly what I thought. I was thinking I would've answered the second question right if the definition of wealth inequality was more clear. And I also understand why someone might choose low income for the first question because it doesn't define the line between middle-income and low-income very well.
@@ericlee6145 Read Hans Gosling's book. The categories are well defined and not at all arbitrary. Its really a lack of perspective/knowledge most people have of the world.
@@michaelrenper796 I have no qualms with the book, in fact I very much enjoyed it and would recommend reading it, however this does not change that the video's questions could be improved.
@@michaelrenper796 not well-defined within the context of the video. If I had to read a book to figure it out, then I would've already known the answer to both questions.
Middle income (as well as low and high income) are official terms that have been used for decades. As for wealth inequality, the official way of calculating tends to be the GINI coefficient which calculates the statistical dispersion of the wealth distribution
Sometime in the near enough future:
Me: dying of dehydration in a desert that used to be a forest 20 years ago
Memeable Data: Relax man, these charts here show that, statistically, most people are doing just fine. Dying of dehydration in a desertified land is still better than my parents had it growing up in Portugal.
He is saying "in some aspects"... which is true... it's entirely valid to say that someone is fortunate in one way while not being fortunate overall... if elon's kid dies at 20, the kid would be unfortunate as a whole.... but he can still be called fortunate for his wealth
The comment section is so wholesome and full of grateful people.
I didn’t grow up financially literate, and unfortunately, I didn’t catch on early. It wasn’t until I was 42 that I took the time to educate myself and make serious changes. Back then, I was $37,000 in debt with no savings or retirement plan. Fast forward just 2 years-I’m completely debt-free with a net worth of over $450,000. That might not sound like much to some, but to me, it’s everything. I’m now investing $150,000 annually and owe absolutely nothing to anyone. It feels incredible to be in control of my finances and building wealth on my own terms.
I'm a retired widow and proudly debt-free. Through investments in electric vehicle charging stations and solar energy, I'm now earning up to 40% profit weekly. It’s been a total game-changer-giving me peace, stability, and the freedom to enjoy life with everything I truly need.
That's awesome!!! I know nothing about investment and l'm keen on getting started. What are your strategies?
I achieved success by investing in solar energy and electric vehicle charging stations, a hidden opportunity that many people don't realize yet. I earn 30% in profit every week, it has gone a long way to change my family financial status.
EV charging stations and solar are the future. With the global shift to electric vehicles, these stations are goldmines in the making
Honestly, I used to be so hesitant about investing, thinking it was too risky. But once I started, I realized it's the best decision I ever made.
I started with $10k and Watching my money grow and knowing I'm securing my future has been life-changing. I wish I had
I like visualizing wealth with the In Time Method (like the movie). 1$ equals 1 second. And then thinking what I can achieve in that timeframe.
The US Median wealth is 192900 $. That equals 2 days, 5 hours and 30 minutes. Think about what you can do in two days. A small DIY project or a city trip.
1 Million equals 11 Days. Now you could renovate an entire room or a US roadtrip from east to west coast.
1 Billion equals 31 years. You could build an entire castle by yourself without heavy machinery (Coral Castle took 28 years by a single guy).
Elon Musk is so rich (420 billion = 13020 years) if money was time, he could have been borne at the end of the last Ice Age. He would have been 4000 years old when humans invented agriculture, 8500 years when they build the pyramids, 11000 when he met Jesus, and would still be alive today.
Thank you for creating this video. I'm from Thailand where people make 350 USD a month as a minimum wage. I'm so grateful to that I have all basic necessities like water, electricity and proper toilet where I can shower and do no.1-2 in private. More importantly, I am grateful that I have an access to clean water every day.
WOW ngl the bait/hook of asking the two questions and then making the viewer wait for the answers is a genius retention tactic. Might steal this if i ever make a video again.
It`s crazy how many things we`re taught about money that aren`t true.Why isn`t anyone talking about the book The Millionaire Circuit? It opens your eyes.
cant believe how underratedt this book is I find some serious knowledge about success and wealth.....
btw thanks for sharing this one amazing book 10 out of 10
totally agree with you man perfect one
just read it before 2 weeks
Bots
omg i thought i was the only one struggling with manifesting 😩 i tried everything.. journaling, scripting, vision boards but nothing really shifted. then i heard about Manifest and Receive by Eva Hartley on a podcast and gave it a shot and it literally cracked me open. things are flowing in a way they never did before.😭😭 if you’ve been stuck, it might just flip everything for you too 💖
That smooth ad transition tho!! 3:50
I thought so too
Nice job. I didn’t get it until the very last moment.
Yeah got me too lol
Felt cheesy to me
Spending 70% of a video about wealth talking exclusively about income is a microcosm of humanity's confusion on the topic of finance.
I appreciate the high level of nuance in this video, thank you for displaying thorough statistics and not presenting a black-or-white image
It's beyond ridiculous to classify Bangladesh as a middle income country.
Why? Genuine question
@renzoelperipatetico it's dirt poor
@@melonskallthey’re just dirty and filthy bc pollution is part of their culture and they refuse to manage their waste. the city has tried many times to make them stop throwing their shitbags on the streets and rivers but they don’t want to listen. it’s like going into a hoarders house. they’re not poor necessarily they just don’t clean
@@melonskall That's not really an argument.
@@melonskall Ethiopia too
Brilliant for that transition that we can kindly elaborate on the advisor's background and qualifications on passive income.
To be honest, Sam .D. answered both questions correctly in the beginning I know he can't see this right now but he is changing people's lives.
😁
Investing vs Trading
Investing OR Trading text-. learning.
Beginning a new chapter in life with something that will set you FREE Financial can be challenging at times, however, Sam Deymn is here to help and show us how..❤
Our first payment with Sam Deymn is in the books! It was a lot of surprising than we expected and have liked, but we made the best of the money. We were able to get a new house on Monday two weeks after that, which was nice, and I invited all over at the new house. I'm happy with him.
Here for inquiries....
@@shelley-b4qMy Sam is Licensed. Don't just set your financial goals without consulting a financial advisor. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly setting aside money in intervals for smart investment.
The World Bank defines the line for extreme poverty, and as far as I'm aware they've decreased the income required. It looks better for them, that's why they're doing it. Inequality has gone up a lot, it's only that we now define the poor as middle class as well, which they are not. The middle class gets poorer, while the richest get richer. And the stats show the opposite, because the rich controls the stats. Very Nice 👍
1:30 awesome transition
Bro what is wrong with you 😭😭
@@Moin-n1u lmfao
awesome huh
i was in awe at the visual effect
GDP per capita is less accurate, it doesnt just mean the top earners skewed up the curve, but it also included foreign business wealth that local population don't get to enjoy - these are more prevalent in smaller nations which are financial centres/ has a lot of foreign wealth stored, i.e Singapore, Switzerland, Hong Kong, Luxemborg or carribean island. Take Singapore as example, the median income (for workers of employable age) is USD3.5k but GDP shows >USD125k
I would have answered only the second question correctly because I lacked the definition of income levels.
There's also one mistake at 10:52 because it says 0.001%, but it's a 0 too much. That confused me when I listened to you, as I missed a zero in the audio track, but then it also showed 0.01% and then I knew where the mistake was. It happens. Nice video and overview nonetheless🙂
Paused the video at 00:42. My intellectual guess is Question 1: A & Question 2: A. Actuallying hoping i'm wrong
China and India immediately tells me it’s high income countries, USA Brazil nigeria too
China and India immediately tells me it’s high income countries, USA Brazil nigeria too
Q1 It's either A or B, more lenient towards A and Q2 it has to be A, unless it refers to the 'Global' wealth and not within each region.
2:51 It may have electricity, however the power cuts are so frequent the access to power is probably the same as portugal in 1970 😂
1:07 dated a girl from Birundi, didn't even know they were literally the poorest country in the world 😭😭
so you dated a black
@@flop1272Why would you comment this? Genuinely this ain’t it.
@@flop1272💀
so you dated a black
so you dated a black
This video is incredibly eye opening. Demonstrates how ungrateful people like us who get everything like clean water or food without a second thought should be more thankful.
The last statement, that global inequality decreased, surprised me. But after researching myself a bit, this seems not really true. I mean there are different numbers that you can look on and in this video, only two of them are shown. If you look on woealt owned by top 1% e.g., their wealth increased from 40% to 45,5% between 2000 and 2020 (source wikipedia).
So in my view, you a draw a bit of a wrong picture in the last one
10:44 LMFAO the ppl in my country are literally forced to have a million-dollar wealth because a house is roughly a million dollars. Unless u want to stay in rented flats ur whole life ❤❤❤
jihyo, you’re so cool dude, you’re the man, you know that right?
I got both the questions correct because those facts are a typical point of argumentation in favor of free markets.
10:20 Reagan and Thatcher eliminated the unions. This allowed corporations to enjoy increases in profits w/o having to increase employee wages. They could also get rid of their corporate pension programs without much fuss. The issue isn't the gov having less wealth, it is about the middle class being powerless in the labour market. Unions are making a comeback with Teamsters playing a key role in Trumps most recent campaign. I think the tariffs were influenced by todays unions but it will take some time before tariffs can effectively re-shore production back to the US.
They didn't eliminate unions. Unions still exist today. Here in the UK unions were actively destroying the economy for short term gains. They were trying to drag us back into the dark ages by refusing to let them bring in modern mining equipment and we had many power cuts.
The tarriffs ultimately won't bring production back because the current administration is so inconsistent. Back tracking on its own deals, caving easily to pressure, etc
@@jeremiahmorin1867that's why I'm saying it's going to take time to re-shore. They tried to do it quickly with tariffs because they only have 4 years to create change, but it will more and like require a more gradual approach of consistent pressure.
Am I the only one that this video makes very much more hopeful than I was before?
very much so, I was in the mindset that the world is going downhill due to a rise in wealth inequality- granted I still see it as an issue now within my country, but it's nice to know the vast majority of the world is in a better position now than it was 25 years ago!
this is basically a good video if you're in the lower middle income countries, bad if you're average in the high income countries
Not really, climate collapse is ultimately going to kill hundreds of millions cumulatively and displace potentially billions and it’s mostly the global south that will suffer, this will all happen by the end of the century so this isn’t even very far off.
This comment section probably won’t remember me, but maybe someone scrolling needs this. A few months ago I hit a wall. Nothing made sense. I bought Manifest and Receive after seeing it mentioned under a random video. I had no expectations. But chapter by chapter, it broke something open in me. Not motivation - momentum. Wishing that for you too.✨
This was my first video of yours and HOT DAMN my friend! It was perfect! The animations, data, narration, literally everything was excellent! I appreciate the hard work and thank you for the new perspective of the world. You've earned a new sub. Cheers!
There is only one problem in today's wealth or inequality discussions. That is property pricing. And not a single person or party is willing ti tackle it.
I think the first question - "where does majority of the population live" is straightforward if you know to place India and China in the middle income country category.
The second question - "had global wealth inequality increased, decreased or stayed the same" is also straight forward if you are talking about "global" and not "local" as, for example, its clear that low-income countries have progressively developed and gone less poor while growth has mostly affected the upper classes more than lower classes locally.
Another great video as always! I do wonder though, how did you get the annual and daily income? Because multiplying Spain's daily income by 365 is roughly 35% of their annual income according to this video. Thanks!
These are 2 related but different metrics:
1. Median wage refers to the income of the people in the 50th percentile.
2. GDP per capita is an average (which is skewed up by the people at the top of the curve). Additionally, it includes income from capital (e.g., dividends, rents) and government and corporate income, which I believe are not taken into consideration for the median income indicator
That's why GDP per capita is higher than the median wage x 365
Importantly, the 50th percentile he mentions includes children, which obviously don't make any income, so this measure would naturally be lower than an annual income statistic which likely only includes employed adults. Also, the data is in 2017 dollars, so the value in 2025 dollars would be nominally higher
3:55 MY JAW DROPPED WITH THE AD TRANSITION
So proud of you brooo… you made the beginning of your video so honest
and I can’t be any more proud of you
12:33 Simpson's paradox
I actually got both questions correct at the start of the video. I saw that less than 2% of your audience got it right, so it would be better to go with random chance than to actually think about it. So I used a random number 1 to 3 for both questions and just got lucky!