How Rich are You? Compared to USA Citizens and to the Rest of the World: A Tool for Teachers

SL 2.0 Editor's Note:  I came across two diverse and connected tools which might prove helpful to social studies and economics teachers when discussing wealth distribution.

First, an interesting video, now featured on SL 2.0 which shows how real wealth distribution in the US compares with the perception of Americans.

This powerful video by “Politizane” draws on a 2011 study by Dan Ariely and Michael Norton to show the difference between how Americans believe wealth should be distributed, what they believe the reality is, and what’s actually happening.  Click here to view the video. This is good material for high-school current-events, history, and economics courses and can serve as an exemplar of effective graphic display of quantitative information.

Next is an interesting app which allows the user to enter their income and determine where they stand in relation to others in the world.  The app is detailed in the Fast Company article below.


FIND OUT WHERE YOU RANK ON THE LIST OF THE WORLD’S RICHEST PEOPLE

Probably higher than you think. And if that’s the case, perhaps the news might put you in a charitable mood.


Most people are interested in how much money the fabulously wealthy have. An app Co.Create mentioned last fall even lets you search to see how much any Hollywood star is worth. While uncovering these numbers can only make people with average bank accounts feel smaller, perhaps finding out where they rank on the Global Rich List will have the opposite effect.

Created by London-based agency Poke, The GRL asks users how much their yearly salary adds up to, and then let’s them know what percentage of the world’s richest people they’re in. The team at Poke put the list together with calculations based on figures from the World Bank Development Research Group, in order to show people, in real numbers, where thy stand financially in relation to the rest of the world.

"The world’s 225 richest people now have a combined wealth of $1 trillion," reads the copy on the list site. "That’s equal to the combined annual income of the world’s 2.5 billion poorest people."



Of course, there’s a reason behind revealing this information to users. In addition to wanting people to understand their relative wealth a bit more and appreciate it, Poke also wants them to consider sharing it with those who rank far lower. To that end, there are also quick links to charitable organizations on the site so you can share your wealth.



JOE BERKOWITZ

Joe Berkowitz is a staff writer for Co.Create. He has also written for The Awl, Rolling Stone, Salon, and McSweeney’s, among others. 



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