If you earn $60,000 a year after tax and you don’t have kids, you’re in the richest 1 percent of the world’s population.
If you have a household income of $130,000 after tax and you’ve got a partner and one kid, you’re also in the richest 1 percent.
Or say you have a household income of $160,000 after tax and you’ve got a partner and two kids. Guess what? You’re also in the 1 percent.
You can find out exactly how rich you are compared to the rest of the world by using this fun calculator. If you find yourself in the global top 1 percent, consider that if you and everyone like you gave away 10 percent of your income, even for just a single year, we could end extreme poverty and prevent the next pandemic.
That’s the top-line finding in a new report from Longview Philanthropy, a nonprofit that advises donors who want to address the biggest challenges facing humanity. The report is meant to inspire excitement about what we can achieve if we give more, at a time when philanthropy has undergone a massive backlash.
“Of course we have many reasons to be cautious of, and even cynical about, philanthropy,” the new report acknowledges. “At its worst, it continues to be used for corporate gain; buying influence over and reliance from recipients, reputation laundering, ‘greenwashing,’ and more. In other words, when the very wealthy do give, it is often in exchange for something else.”