Article

2004-09-22 Arabia

'Sheikh of Chic' brings haute couture to Kuwait

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Posted by Fred 2004-09-22 12:50:26 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Kuwait... boasts one of the highest per capital incomes in the world at around 17,000 dollars last year.

Correct me if I'm wrong, but isn't that about the same income as the U.S. poverty line?

Posted by trailing wife 2004-09-22 10:41:38 AM|| 2004-09-22 10:41:38 AM|| Front Page Top

#2 Without looking it up, I think you're about right, TW. But note that's for ALL of Kuwait, so it's the average of the actual working people (almost all foreigners) and the Kuwaitis, who are rich on the oil money we pay them.

So if the AVERAGE is 17,000, imagine what the low point must be to offset the mostly rich Kuwaitis.

Posted by Barbara Skolaut 2004-09-22 11:03:15 AM|| 2004-09-22 11:03:15 AM|| Front Page Top

#3 And isn't that about half what it was a dozen years ago, prior to the invasion?

Posted by Fred 2004-09-22 11:51:26 AM|| 2004-09-22 11:51:26 AM|| Front Page Top

#4 It's 18,000 grand for the poverty level.... but that's for a family of four...... A average family of four would be making $68,000 in Kuwait.

Posted by Shipman 2004-09-22 12:06:40 PM|| 2004-09-22 12:06:40 PM|| Front Page Top

#5 The article said that, taking non-citizens out of the calculation, the per capita income is double the 17,000, or 34,000 if I remember my fourth grade multiplication tables. So that would calculate to a lot for a family of four Kuwaitis.

On the other hand, if Fred is right that incomes have dropped by half in the past decade plus, the K's will be feeling lifestyle-squeeze even so.

Posted by trailing wife 2004-09-22 1:35:29 PM|| 2004-09-22 1:35:29 PM|| Front Page Top

#6 points
1. Per capita income not equal to family income as pointed out by shipman
2. Kuwaiti citizens not equal to all Kuwaiti residents, as per TW.
3. Kuwaiti income tied to price of oil, which fluctuates. I suspect its higher now than 2 years ago.

Posted by Liberalhawk 2004-09-22 1:39:19 PM|| 2004-09-22 1:39:19 PM|| Front Page Top

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