Quote Originally Posted by BankruptcyGuy View Post
International economists use a measure called purchasing power parity to smooth the calculations for the cost of living in various currency regimes. https://en.wikipedia.org/wiki/List_o...PP)_per_capita
Using that measure, the bottom parts of the US are still in the top 1% of the world.
Yeah, I'm well aware of PPP, and no, it doesn't fully explain cost of living differences, and doesn't "prove" that the poorest in the U.S. are the 1% of the planet.

There are millions of people living in Third World cities like Sao Paulo, Mexico City, etc. that are objectively upper middle class to wealthy, even by U.S. standards. There's horrible inequality, but a big chunk of these countries [[maybe 20-30%) live the same as middle and higher income Americans. It's just that the poorest are far poorer than in the U.S.

And I'm foreign-born. I'm well aware the U.S. is comparatively very wealthy.