Are you wealthy?

[konakona]

i actually enjoy saving on food, havnt bought any junk food in a while... thats what i have to do to support my hobby in audio and computer while being a negative spending unit.

 

[PanzerIV]

Rich in family but in money hellz no.

 

[novasatori]

I've got $3000... and 4 more months of $505 rent + utilities left to pay... /cry...
no car, no insurance, no job even tho I'm trying for one that's convienent considering no car...

But.. I've got a wonderful wife, and my education I'm pursuing so that one day I may hand a resume in without being ignored.

So whatever that all amounts to, I've got it.

 

[jagec]

Originally posted by: illustri

Originally posted by: Stark
compared to what?

if i lived in any 3rd world country, i'd be a tycoon.

not really, what really sucks about 3rd world countries is the massive difference between poor and wealthy, but those wealthy in 3rd world countries easily match those wealthy here

The wealthy in (many) third-world countries actually do have LESS money than the wealthy here, but they live much better because stuff is cheap. For example, lot of my (high school) friends in Ecuador had maids to help clean their houses and do laundry, but most of their parents would fall well below the poverty line in the US.

 

[Mo0o]

Average I would say, especially since college tuition is killing me. By me I mean my dad

 

[Jzero]

Depends on what you would consider wealthy.
Finances don't keep me up at night, but I can't exactly afford to wipe myself with Ben Franklin.

 

[KEV1N]

I think there's a difference between rich and wealthy. I think it was in a Chris Rock standup routine, but he said something like... "The NFL football player is rich.... the white man who writes his check is WEALTHAY!"

 

[jjones]

Not even close to wealthy, but I do okay.

 

[illustri]

Originally posted by: jagec

Originally posted by: illustri

Originally posted by: Stark
compared to what?

if i lived in any 3rd world country, i'd be a tycoon.

not really, what really sucks about 3rd world countries is the massive difference between poor and wealthy, but those wealthy in 3rd world countries easily match those wealthy here

The wealthy in (many) third-world countries actually do have LESS money than the wealthy here, but they live much better because stuff is cheap. For example, lot of my (high school) friends in Ecuador had maids to help clean their houses and do laundry, but most of their parents would fall well below the poverty line in the US.

what we're disagreeing on is exactly what is wealthy
for me wealthy means 1% of the population

 

[jagec]

Originally posted by: illustri

Originally posted by: jagec
The wealthy in (many) third-world countries actually do have LESS money than the wealthy here, but they live much better because stuff is cheap. For example, lot of my (high school) friends in Ecuador had maids to help clean their houses and do laundry, but most of their parents would fall well below the poverty line in the US.

what we're disagreeing on is exactly what is wealthy
for me wealthy means 1% of the population

I didn't realize we were disagreeing...I was just saying that despite the wealthy (we'll use your 1%) in third-world countries having fewer dollars than the wealthy (1%) in the US, they actually live BETTER in many cases, because stuff is cheap. Land's cheap, taxes are easily dodged, the hired help is dirt cheap.

My comment about my friends in high school was just to underscore the point that stuff is cheaper there. I wasn't saying they were rich. Certainly not in the 1% bracket. They'd probably fit in the middle or high middle class down there (which is a pretty small class down there, actually).

 

[GTaudiophile]

Helpful information when trying to answer this question...

Income breakdown according to latest census (both genders, all races):

Under $5,000: 3.2%
$5,000-$9,999: 5.9%
$10,000-$14,999: 7.0%
$15,000-$24,999: 13.2%
$25,000-$34,999: 12.3%
$35,000-$49,999: 15.1%
$50,000-$74,999: 18.3%
$75,000-$99,999: 11.0%
Over $100,000: 14.0%

Median household income (all races): $42,409

 

[Squisher]

Originally posted by: illustri
what we're disagreeing on is exactly what is wealthy
for me wealthy means 1% of the population

What's the dollar figure for top 1%?

 

[Jfrag Teh Foul]

Parents are pretty well off, I am middle-class.

Wow... was just looking at the breakdown and I never realized that by household income we (wife and I) are near upper middle-class.

Sweet!

 

[Squisher]

Originally posted by: Squisher

Originally posted by: illustri
what we're disagreeing on is exactly what is wealthy
for me wealthy means 1% of the population

What's the dollar figure for top 1%?

I guess it's anything over $285K

Text

I guess I'm not wealthy.