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Where's the Coverage? The Gaza Strip Millionaires

1
Charleston Chew9/13/2012 9:32:51 am PDT

So the Gaza strip has 600 millionaires out of 1.4 million people = 1 for every 2333 people. The US has 5.1 millionaire households = 1 for every 61 people.

GDP per capita of the Palestinian territories is $2,900 (2008 est.), which puts its economy in about the bottom 30% of countries in the world. World GDP (PPP) per capita is currently $10,700. The US GDP per capita is about $48,000.

Though the US has over 5 million millionaires, 48% of Americans make less than $25,000 a year. In other words, rich people don’t “cancel out” poor people.