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Jerund t1_ja5jwkp wrote

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

It’s for the middle to upper class people in China. Even the rich people in China is easily hundreds of million of people.

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[deleted] t1_ja7q8k8 wrote

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Jerund t1_ja7rsnb wrote

Ummm… you don’t need to be a millionaire to buy a cup of coffee…. Even in the usa, people who are buying coffee from Starbucks aren’t rich. You have those in the middle class living paycheck to paycheck buying it. So definitely hundreds of million of people can buy that cup of coffee which is already a lot of people

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[deleted] t1_ja7slor wrote

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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

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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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