What do you consider "Rich"

[erub]

Originally posted by: dxkj
Independently wealthy.

Own their house, own their cars, have several hundred thousand in savings, and have 1 million + in retirement.

That and make at least 150-200k combined a year.

Seems a little low..my parents call themselves upper middle class, with multiple factors of the retirement figure stashed away and the other factors taken care of. One can reach 4 million in retirement just by putting away max in Roth with 10% return from age 20 until 65, with no 401k or stock plans..even paltry 7% will get you to 1.5 mil..

Rich is being able to buy center court floor seats for an NBA season, 50 yard line football seats for a football season, not noticing this missing money because it is less than 1% of your gross, AND having time to enjoy it away from work (you can fill in other high-expense, high-time lesiure activities here if you prefer..golfing in far off lands, travelling Africa, car collecting and driving, whatever)

 

[Juno]

$.01 and damn, i'm rich!

 

[spidey07]

Originally posted by: Special K
First of all, doesn't earning $100k or more put you in the top 1% of single-person incomes in the US?

To answer the question, "rich" is anyone who has more than I do.

Probably around top 20 percent. It really doesn't mean that much any more.

What you guys don't realize is factory workers make that much.

 

[merlocka]

as my papi always said, "it ain't how much you get, it's how much you got."

 

[thirdlegstump]

I don't know.

 

[TehMac]

Originally posted by: StatsManD
To republicans rich is 1 billion+, to democrats rich is 100,000+,

Explain that logic please or gtfo.

 

[FilmCamera]

I don't think it has anything to do with money.

 

[Special K]

Originally posted by: spidey07

Originally posted by: Special K
First of all, doesn't earning $100k or more put you in the top 1% of single-person incomes in the US?

To answer the question, "rich" is anyone who has more than I do.

Probably around top 20 percent. It really doesn't mean that much any more.

What you guys don't realize is factory workers make that much.

Eh, whatever. I'd be bored to death being a factory worker. I need something more mentally stimulating than that.

 

[shortylickens]

When you can delcare bankruptcy 6 times in your life and still have a billion-dollar empire.