High income. Negative net worth. Same person.
#GDP can be misleading when it comes to assessing #poverty. This research uses
"“Average poverty” which is defined as the average time needed to earn $1. The measure is inclusive, distribution-sensitive, decomposable, and aligns with how both experts and the public conceptualise poverty"
Unlike in Europe, average poverty has increased in the US, because average #inequality grew faster than average income
#economics #income #gini
https://www.euronews.com/business/2026/03/29/a-new-way-to-measure-poverty-shows-the-us-falling-behind-europe
The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.
Net worth is the only number that cannot be spun. Income can be framed. Credit scores can be managed. Net worth is just the math.
Here are some key features of Ireland’s UBI for Artists: It’s a pilot program aimed at providing regular income to artists. The amount received is fixed and does not depend on an individual’s employment status. The aim is to support and nurture creativity by providing financial stability. Ireland has taken a remarkable leap forward in […]
A quotation from Robert Louis Stevenson
If you adopt an art to be your trade, weed your mind at the outset of all desire of money. What you may decently expect, if you have some talent and much industry, is such an income as a clerk will earn with a tenth or perhaps a twentieth of your nervous output. Nor have you the right to look for more; in the wages of the life, not in the wages of the trade, lies your reward; the work is here the wages.Robert Louis Stevenson (1850-1894) Scottish essayist, novelist, poet
Essay (1888-09), “A Letter to a Young Gentleman Who Proposes to Embrace the Career of Art,” Scribner’s Magazine, Vol. 4, No. 3
More about this quote: wist.info/stevenson-robert-lou…
#quote #quotes #quotation #qotd #robertlouisstevenson #art #artist #author #career #compensation #creativity #experience #fulfilment #hardwork #income #trade #writing
If you adopt an art to be your trade, weed your mind at the outset of all desire of money. What you may decently expect, if you have some talent and much industry, is such an income as a clerk will earn with a tenth or perhaps a twentieth of…
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