This is how long citizens worldwide would have to work to earn $1 million on their country’s average salary, including South Africans.
A new report estimates that South Africans earning the average salary in the country would have to work for at least 68 years to become a global millionaire .
According to the ranking, citizens of Switzerland will earn their first million dollars the fastest – in 14 years and three months. The second place belongs to Singapore, with its citizens hitting $1 million in 16 years and 11 months. Pakistan ranked at the bottom of the list, taking a whopping 621 years and three months on the average salary to earn $1 million.
The average salaries used for the ranking come from Numbeo’s latest global average salary report for April 2022. However, Picodi.com noted that the dollar conversations for the wages from each country were used with the average exchange rate data from Google Finance for March 2023.
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