|Index & Notes|
Possessions of 2-dollars-per-day households
We hear a lot about people who make $1 a day, but Atlantic Magazine published surprising results of a survey of the purchases of the people who make $2 per day, enough to slowly save up tens and hundreds. We see a remarkable number of not only bicycles, but TVs, especially for the urban poor. There's a near-total penetration of radios, like 80% in rural Africa. The waiting market when the $200 first-world commodities hit the developing world, used and under $100, is literally in the billions.
© Roy Brander, P.Eng 2007