Nope, not even close to rich. You need a solid $300K to be in the top 5%. $100k doesn’t even make the top 10%.
“Well off” maybe, but not rich.
>> earning between $90,000 and $100,000
The point where one begins to pay for another family’s healthcare in addition to their own.
Lol!!!!
Depends on your net worth. A lot of people earn $100k a year and are flat broke.
We have no mortgage or car loans and our annual expenses (insurance, utilities etc) are about 55-60k.
Mostly health insurance 22k per year and house tax 7.5k per year.
This is not counting entertainment or hobbies.
So no, 90-120k is far from rich.
Location, which will drive Taxes, expenses, etc will cause differentials in takehome pay.
Plus, I'd say a man raising his family happily on $60k is rich, and a miserable thrice-divorced ad exec making $120k is poor.
A rich person is someone who makes $25K a year more than you do.
Yeah, no.
My arse
It might help with a better understanding if the term cost of living could be considered rather than just being rich. Here is a good site to consider the equation by state:
https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state
As you can see, the difference is broad. Hard to determine rich by intake as there is no intake with property, just worth. And it is considered an asset. So that right there changes the equation.
wy69
Stupid assumption. Rich implies large assets, not large revenue. As for revenue, 100k might be considered significant in Podunk Arkansas, but barely subsistence level in San Francisco.
Sounds pretty well off to me. The ones who claim it isn’t must be terrible at managing money
AOC is super rich. Tax her a nod then tax her some more.
That’s rich? I beg to differ. /s
Deep State continuing its divide and conquer strategy...
I don’t give a rat’s a$$ what someone else has.
I just want to keep more of MY money.
That’s definitely not rich anywhere. In expensive places, you’d be lower middle class on that salary.
So how much “income” does a welfare queen “take in” every year through food stamps, childcare, Medicare, AFDC etc?
Let’s say for a single mom of three.
No surprise this would be the finding of such a survey. Here is the true goal of the class warriors: Anyone not receiving a government stipend is “rich”.
From twitter, so yeah to a leftist college kid facing $45k+ in student loans and low employment prospects that is wealthy.
Thanks again democrats.