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RE: Complexities of Luxuries

in LeoFinance10 months ago
  • Poor see money as a way to pay bills and manage debt ⇾ 70%
    2%
  • Middle see money as a way to build credit for larger spends ⇾ 20%
    1%
  • Rich see money as a way to make more money ⇾ 10%

It is assumed that the majority club is in the first group and is estimated at 70%, from there, only 2% will make it into the second club and therefore, perhaps 1% of these will become the second club.

I prefer my peace of mind, my tranquillity.

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If you look at a localized level, those percentages hold. If you look globally, the distribution across countries is stark. The poorest in richer countries, are often middleclass or higher in poorer countries.