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Whether a person is poor thus depends on a society's general level of wealth, the level at which the poverty line is set, and the equivalised weighting.
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As China's economy continues to grow, people benefit from improved standards of living and general levels of wealth.
Combined with a general level of increased wealth in the Hong Kong market, the retail properties that we invest in have been extremely strong.
The GDI takes into account not only the average or general level of well-being and wealth within a given country, but also how this wealth and well-being is distributed between different groups within society, especially between genders.
Still, the latest findings don't invalidate the historic experience of particular countries like the United States which have surged to greater levels of wealth without experiencing any rise in general levels of reported happiness.But if you treat history as bunk and concentrate on the levels of satisfaction that countries feel right now, the results are—in Mr Deaton's view quite striking.
Supermarket shopping suggests a certain level of wealth.
"As regards its current level of wealth versus current level of wellbeing [the UK is] better than average," he said.
"The crisis hit investors at every level of wealth and impacted them on a personal and emotional level.
In four years the level of wealth these MDC guys have accumulated is shocking.
Why do we have a massive level of wealth and income inequality?
It is not the level of wealth that makes us happy.
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