http://www.visualizingeconomics.com/2007/01/03/i-am-the-45051036-richest-person-in-the-world/ Making the "Invisible Hand" Visible Tue, 06 Jan 2009 13:58:24 +0000 http://wordpress.org/?v=2.3.3 http://www.visualizingeconomics.com/2007/01/03/i-am-the-45051036-richest-person-in-the-world/#comment-718 Catherine Sat, 14 Apr 2007 17:15:38 +0000 http://www.visualizingeconomics.com/2007/01/03/i-am-the-45051036-richest-person-in-the-world/#comment-718 You are right to point out that "richest" is a term that can applied in a lot of ways: the amount of stuff that you have, assets you own vs your debt. Or you can look at people's standard of living: what they can afford based on where they live. The Global Rich List is just looking annual income and at the moment I am only focusing on annual income to try to better understand that piece of the puzzle (which turned out to be more complicated than I originally thought). For example: What exactly does the US income distribution look like? I had to create 3 graphs to show that data. In the future I hope to tackle some of the other ways of measuring wealth. Thanks You are right to point out that “richest” is a term that can applied in a lot of ways: the amount of stuff that you have, assets you own vs your debt. Or you can look at people’s standard of living: what they can afford based on where they live. The Global Rich List is just looking annual income and at the moment I am only focusing on annual income to try to better understand that piece of the puzzle (which turned out to be more complicated than I originally thought). For example: What exactly does the US income distribution look like? I had to create 3 graphs to show that data. In the future I hope to tackle some of the other ways of measuring wealth. Thanks

]]> http://www.visualizingeconomics.com/2007/01/03/i-am-the-45051036-richest-person-in-the-world/#comment-716 shireen Sat, 14 Apr 2007 05:08:13 +0000 http://www.visualizingeconomics.com/2007/01/03/i-am-the-45051036-richest-person-in-the-world/#comment-716 i dont understand these statistics. there must be a difference between the richest and poorest according to living standards, from the richest and poorest according to owning wealth. but the graphs i have seen do not seem to differentiate. so in america, alot of poeple live well, and according to the global rich list, we are among the top richest. but most of us are living on debt, and do not own much. so how does that change the top percentage of richest people? shireen i dont understand these statistics. there must be a difference between the richest and poorest according to living standards, from the richest and poorest according to owning wealth. but the graphs i have seen do not seem to differentiate. so in america, alot of poeple live well, and according to the global rich list, we are among the top richest. but most of us are living on debt, and do not own much. so how does that change the top percentage of richest people?
shireen

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