How many years does it take to earn a million dollars? – Economics

How many years does it take to earn a million dollars?  – Economics

wrote on April 12, 2023

People who have been professionally active for several decades rarely think about how much money they have earned in total during that time. In this study, analysts They calculated how many years it would take for people living in different countries and earning the average national salary to earn a million dollars.

102 countries are included in the ranking. If we add up all the net payments that the average employee receives, the Swiss resident will earn his first million even faster: in 14 years and 3 months. And second in the ranking is Singapore with a score of 16 years, 11 months. Luxembourgish citizens have to work for another 5 months: 17 years and 4 months. Also among the top five leaders were the United States (19 years 10 months) and Iceland (20 years 11 months).

Argentina ranks 79th in this ranking. Adding up the average Argentine salary, you can earn $1 million in 201 years and 10 months. In this ranking, Argentina is ahead of El Salvador (another 3 years), the Dominican Republic (another 13 years) and Colombia (another 86 years). Instead, Bolivians will earn $1 million 10 years faster than Argentines (74th, 191st), and Chileans will do it nearly 80 years faster (56th, 123rd, 9m).

It takes more than 500 years to earn a million dollars in Nigeria (519 years and 1 month), Uganda (523 years and 3 months), Egypt (603 years and 6 months), and Pakistan (621 years and 3 months).

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