Wealth is a relative matter, of course. Americans set $150K/yr income (on average) for the value of "rich" — but the higher your income, the higher "rich" becomes. Per the IRS, $150K would make you part of the "5%" — so perhaps that is "rich" (the "1%" earn $330K or more — the curve swoops upward quickly after that).
Our household is, by many measures, "rich" — and by the definition of not worrying about our next meal, or whether we can afford for someone to be sick, or having more than one refridgerator (that works and is full of food), we feel rich.
Plus, of course, we have each other, which is a richness that surpasses all the rest. #ddtb
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Americans Set "Rich" Threshold at $150,000 in Annual Income
The median amount of yearly earnings Americans say they would need to consider themselves rich is $150,000. Fifteen percent say they would need to earn $1 million or more, but 30% name an amount of $1…
One’s area’s cost of living makes a big fat difference. What I could live on in Albuquerque and what it costs here are two different worlds.
That said, when talking to a financial institution, usually on the phone, and the CSR asks if there’s anything more they can do for you, I usually say “At least $8M in untraceable cash for my retirement account”. It does usually get a laugh, which is part of why I say it, but I’m actually rather serious about it.