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[deleted] t1_ja7slor wrote

Reply to comment by Jerund in The price of a Starbucks Latte, by country by kavithatk

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Jerund t1_ja7t62d wrote

I never defined the parameters for being rich to be a millionaire. I meant it as rich enough to buy Starbucks or whatever American product that is marked up very high. Obviously if they can’t afford to buy it, companies wouldn’t be entering the market and selling it at that price. Sir, this post is about coffee. What else would I be talking about? I replied to the person regarding how it’s difficult to imagine Chinese people buying highly marked up American products

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[deleted] t1_ja7te0d wrote

[deleted]

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Jerund t1_ja7ujgx wrote

Like I said again, I didn’t define my “data” on what is considered rich. You came in with the assumption that someone rich is someone who is a millionaire. You don’t need to be a millionaire (usd) to be “rich” in China. Even if you have 400k usd, you would be considered rich. In a tier 2 city, you can buy like 4-6 apartments with cash and rent that out. Your standard of living is much lower in China compared to USA. If you have a million dollars in america, I wouldn’t even consider that rich because everything is much more expensive.

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