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Old 03-24-2009, 07:32 PM   #1
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What do you consider "rich"?

Alright, we each probably have different opinions on what's rich. It doesn't have a clear definition. To me, it's when you don't have to worry about any "normal" bills. Obviously some people are extremely materialistic and rich for them is different. My question is, an average family household, what would you consider to be rich, as far as income?

I ask this because got into a debate with friends at school. I say 100K a year is rich. They claim, not even close. I think that's absurd. They said something along the lines of 250K.

I looked at statistics, and only 20% of households make over 97K a year. Also, only 7% of people make over 97K a year.

Just interested in hearing other opinions.
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Old 03-24-2009, 07:34 PM   #2
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Re: What do you consider "rich"?

I consider a million bucks a year as rich but as far as the minimum of "richness" goes i'd say 500k.
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Old 03-24-2009, 07:39 PM   #3
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Re: What do you consider "rich"?

At that point, you are considered filthy rich, extremely wealthy, IMO.
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Old 03-24-2009, 07:50 PM   #4
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Re: What do you consider "rich"?

I think it depends on where you live too. 100K in NYC likely isn't rich.

Middle American - 100K is pretty good, but I'm not sure if I would call that rich.
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Old 03-24-2009, 07:59 PM   #5
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Re: What do you consider "rich"?

I think $150k you can be considered rich. My household makes about $120k a year and we are fortunate enough to be able to afford some things most people can't that would be considered a luxury, we can't afford to go traveling all over the world and all drive $30,000 cars. Only one of the cars we own even has power windows/locks.

So I think at 150k you pretty much don't have to worry about the economy right now unless you bought a house that is to expensive.
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Old 03-24-2009, 08:03 PM   #6
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Re: What do you consider "rich"?

IMO, 250K..
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Old 03-24-2009, 08:16 PM   #7
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Re: What do you consider "rich"?

I live kind of close to Southlake. That's what I call rich.
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Old 03-24-2009, 08:17 PM   #8
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Re: What do you consider "rich"?

The definition of rich tends to change depending on the day it seems.
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