"For example, the study finds the wealthiest 10% of people – defined as those who earn at least €42,980 (£36,605) per year – contributed seven times more to the rise in monthly heat extremes around the world than the global average. "
Because there are ~8 billion people and fewer than 1 billion live in developed economies; half of which probably make less than 42k EUR. Out of the developing world, the 1% owns like 90% of domestic wealth, with the next 5-20% living something resembling a “developed” or “middle class” lifestyle, and most of them are also earning far less than 42k EUR…
They’re called statistics, and are widely produced by govs and orgs the world over. If you really care, you can Google terms like wealth distribution/inequality, PPP, etc.
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.
Don’t forget that really only a small part of the global population lives in the west / “wealthy” countries. Our presumably western perspective is just biased even if we don’t like to think so. And then, of those few, a bunch are so much more rich than the others that they skew the average. And half of the people living in those wealthy countries have considerably less than that skewed average.
If you think about it, it helps understanding how absolutely dirt poor literal billions of people really are on the global scale. Even the poors in rich countries don’t have it much better.
"For example, the study finds the wealthiest 10% of people – defined as those who earn at least €42,980 (£36,605) per year – contributed seven times more to the rise in monthly heat extremes around the world than the global average. "
How is 42k euro part of the wealthiest 10%?
Because there are ~8 billion people and fewer than 1 billion live in developed economies; half of which probably make less than 42k EUR. Out of the developing world, the 1% owns like 90% of domestic wealth, with the next 5-20% living something resembling a “developed” or “middle class” lifestyle, and most of them are also earning far less than 42k EUR…
Do you have any decent link that supports this?
I didn’t manage to spot in the study itself, how they calculate this number. If anyone has, please share this part.
They’re called statistics, and are widely produced by govs and orgs the world over. If you really care, you can Google terms like wealth distribution/inequality, PPP, etc.
I totally tried and then decided to ask here.
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.
Don’t forget that really only a small part of the global population lives in the west / “wealthy” countries. Our presumably western perspective is just biased even if we don’t like to think so. And then, of those few, a bunch are so much more rich than the others that they skew the average. And half of the people living in those wealthy countries have considerably less than that skewed average.
If you think about it, it helps understanding how absolutely dirt poor literal billions of people really are on the global scale. Even the poors in rich countries don’t have it much better.
Exactly, im south american, and in the 3% of earners here (brute), but still not part of that 10%…
This doesn’t seem to account for cost of living