It must be great to be rich. For example, look at this post. How Affluent Americans Live. So, what billionaires can afford to buy will fill up many shopping carts! And the rest of us may envy this. In addition, they could contribute to making the world a better place.
What Billionaires Can Afford to Buy
Thanks to Emily Campbell of Siege Media for authoring this section of today’s post. And to Self Lender for the infographic.
“Did you know that over 700,000 U.S. workers make only minimum wage? Or that the average American has credit card debt of over $6,000? What about the 554,000 homeless Americans? Have you heard that almost 43 million Americans have unpaid medical bills? How will students pay off their collective debt that exceeds $1 trillion?”
“The billionaires of the world might be able to solves these challenges and more. There are 2,208 billionaires globally. With a net worth of $4.1 billion each!! Collectively, their net worth surpasses $5 trillion.”
“Self Lender conducted a study using averaged values, such as a billionaire’s net worth and total number of billionaires, to see whether they have the resources to fix some or all of our complex monetary problems.”
“Diminishing student loans would enable millions of people to invest in real -state, vehicles, and even college funds for their own children. Increasing earnings by raising the minimum wage to $15 could result in an increase in productivity and funds that workers can put back into the economy.”
“In addition to the study, the infographic features three billionaires who lead by example. Self Lender calculated the ‘generosity index’ of Bill Gates, Warren Buffett, and George Soros by dividing their lifetime donations by their net worth. The end number, or index, represents what percentage of their net worth they have generously donated.”
“Check out the infographic below to find out if billionaires have the resources available to solve some of our largest economic dilemmas.”