Word on the street: India.
And they hate being out done by China.
$1300 next week
sweet, 1.2 billion poor people gotta be good for $10.
Yes you are correct that Indians have a very low earnings per capita, somewhere around $1500 per year. But you have to take into account that they consistently save over 30% per year, with the mean savings rate over 20%. Comparing to the US of a overall savings rate of 2.6% and a mean savings rate of -6%, yes the average American doesn't save at all.