What's considered rich?

Renroc

Experimental Member
Verified
Gold
Joined
Oct 5, 2010
Posts
186
Media
5
Likes
6
Points
263
Location
Ottawa
Verification
View
Sexuality
90% Straight, 10% Gay
Gender
Male
it all depends on whom you ask. To some people 100k a year would be reach. To a person who makes 100k a year..they would not consider themselves rich
 
1

185248

Guest
Rich is living your life at the level you choose with no financial restrictions.
 

pablo229

Sexy Member
Joined
May 5, 2010
Posts
34
Media
2
Likes
62
Points
413
Location
Antarctic Great Wall Station, Antarctica
Sexuality
Unsure
Gender
Male
My dad lives in southern Tennessee, where you can buy a 3-bed, 2-bath, 2-car-garage house for $40-80K. A person making $100K/yr living there could feel rich.

But if you live in San Fran, or NY, you will likely pay $40-80K/yr on rent alone, and perhaps even more if you have a moartgage. And the square footage would be attrotious.

Rich has to do with accumulated wealth, not necessarily salary. A person making no income could be worth millions. A person making $250K/yr or more could be broke.

There's a great book on wealth called "The Millionaire Next Door". It's about a ten-year study on wealthy people. Most millionaires are very normal, and you can't tell they're rich when you see them in public. Read this book, and you'll realize that politics and the media have totally twisted what our view of "rich" really is.
 

breeze

Experimental Member
Joined
Apr 10, 2005
Posts
451
Media
0
Likes
17
Points
163
Age
34
There are rich and then they are the super rich like the hedge fund manager who made 1.4 billion dollars one year. The media is focusing on the super rich at times.
The " millionaire next door " makes the point that the path to wealth in the united states is small business ownership. I believe that 90% or more of the millionaires in this country are small business owners. I guess rich is a net worth of 1 million but a net worth of 250,000 isn't bad. Obama used 93,000 as an income point but 90%+ of salaries are below that. Its been known for a long time that 10-20% of the population ownes most the wealth in this country and it might be getting worse. 1/2 of us are either low income or broke. An occupy wall street movement was probably only a matter of time but how much they can accomplish is questionable.
 

petite

Expert Member
Joined
Mar 3, 2010
Posts
7,199
Media
2
Likes
146
Points
208
Sexuality
No Response
Gender
Female
Are you going to give a link to the poll? I'm curious what people consider "rich" today. I read an editorial not too long ago that made a convincing argument that middle class people feel poorer today than they used to because of on TV shows "middle class" families are usually shown living in homes that they could not possibly afford and have lifestyles outside a middle class budget, which subconsciously raises people's expectation level regarding their own lifestyles.
 
Last edited:

B_Hickboy

Sexy Member
Joined
Jul 13, 2005
Posts
10,059
Media
0
Likes
61
Points
183
Location
That twinge in your intestines
There is no middle class in this country. You're either rich or you're poor. The middle class is a construct invented by the rich to stop the rest of us from wanting to compete and keep their labor pool docile. If you have to work for a living, you are poor.

Have you heard the saying, "It takes money to make money"? If you have enough money to earn all your income off of it, you're rich. If not, guess what...

Go to work, where your employer will at maximum pay you a third of what he makes off of you, which is about ten percent less than it would take to replace you.
 

gurnder

Experimental Member
Joined
May 21, 2008
Posts
92
Media
0
Likes
9
Points
228
If you're at the point where you don't have to worry about money, you're rich.

(Within reason obviously, you can't buy a new Ferrari every day :tongue:)
 

helgaleena

Sexy Member
Joined
Sep 8, 2006
Posts
5,475
Media
7
Likes
43
Points
193
Location
Wisconsin USA
Sexuality
50% Straight, 50% Gay
Gender
Female
Last edited:

OhWiseOne

Superior Member
Verified
Gold
Joined
Nov 15, 2010
Posts
4,520
Media
251
Likes
3,010
Points
358
Location
Florida
Verification
View
Sexuality
60% Straight, 40% Gay
Gender
Male
Ole human nature kicks in. Think back when you first started working and you thought, dang I'm making good money but I want more. As your income increased your lifestyle changed with it. The goal of being rich kept moving. Maybe the real question is what makes you rich? It isn't money folks.

This comment does not include the money rich people whatever that amount is.

(Disclaimer) This is an overview and does not pertain to all who shall read it.
 

dude_007

Expert Member
Joined
Dec 28, 2010
Posts
4,845
Media
0
Likes
116
Points
133
Location
California
Sexuality
No Response
Gender
Male
Rich is when you live off the interest of your savings, assets and investments.

I disagree that there is no middle class in the country, though. There are plenty of people who are neither rich, nor are they poor. They are middle class.
 

petite

Expert Member
Joined
Mar 3, 2010
Posts
7,199
Media
2
Likes
146
Points
208
Sexuality
No Response
Gender
Female
The most common definition by sociologists of people who are middle class are those who have "white collar" jobs, not by how much they earn. Many "blue collar" workers earn a lot more money than "white collar" workers.

Not that all sociologists agree with each other.
 
Last edited:

DevonTexas

Worshipped Member
Verified
Gold
Joined
Jun 24, 2010
Posts
1,579
Media
151
Likes
19,132
Points
543
Location
Dallas (Texas, United States)
Verification
View
Sexuality
80% Straight, 20% Gay
Gender
Male
Are you going to give a link to the poll? I'm curious what people consider "rich" today. I read an editorial not too long ago that made a convincing argument that middle class people feel poorer today than they used to because of on TV shows "middle class" families are usually shown living in homes that they could not possibly afford and have lifestyles outside a middle class budget, which subconsciously raises people's expectation level regarding their own lifestyles.

yes. sorry, I was on my iPad (which probably makes me rich) when I was reading about this. There are many news links discussing it, but here's one..

Poll: Americans Feel “Rich” With an Income of $150,000 a Year