Most Americans who earn $90,000 a year say they don’t consider themselves rich

Market Watch ^ | 1/26/2019 | Andrew Keshner

[Leep]

I don’t care if someone makes 90k an hour.
Hope they are enjoying it.

[Gamecock]

Ok, I make more than $90,000 and certainly don’t consider $90k as being “rich.”

I suspect this is Dems priming the pumps to raise taxes on those earning above $90k.

[dinodino]

$90k is sure as hell not rich, and in some areas, won’t pay for housing.

[no-to-illegals]

Suspect your thought is correct. Trial balloon 🎈

[nhwingut]

Would help to know where these people lived. $90k is not “rich” no matter where you live but it’s especially not if you reside in NY Mass Cali etc.

[albie]

Depends on life style. An 18 year old with no real financial responsibilities a 90k job would feel rich. Anybody with a mortgage, cars, kids etc may be paying the bills, but doesn’t feel rich. And they’re likely not saving much if anything.

[Starstruck]

After 44 years of working I reached that level. At that point I was socking it away for retirement so I wouldn’t be a burden on society.

[Drango]

Envy use to be considered a sin...now it’s a SJW thing.

[b4me]

because the more you make the more you find ways to spend it, most of which are unnecssary and so it seems you really aren’t rich because you squandered a chunk of money on unnecessary things you just thought you had to have to enrich your experience in this life.

the problem isn’t money, it’s ways of thinking and actions taken relating to money.

if those not feeling rich with 90k/yr made 200k/yr they still would not feel rich after a few months. they have a poor, never enough, mentality.

[tet68]

If I was making 90 I would be wealthy.
As it is I’m rich at making 25.
I have a roof over my head, a vehicle, food enough
for my dog and myself.

Everything else is gravy.

[Spok]

When the Democrats talk about the rich they use extreme examples like Gates and Bezos, but in practice, they hammer the middle class. That’s where the money is and why the income gap is widening.

[Leep]

Does anyone notice a theme occuring already with the 250 dims running for president in 2020?
Raising taxes =wealth redistribtion and class envy.
I am sure the 60 million illegal occupiers are all in.

[laxcoach]

There is a semantic problem here. It is one that happens constantly in society.

To most people RICH means that they have a lot of wealth.... ie savings, assets, etc.

But yearly income is a totally different measure. I know plenty of high cash flow people that live paycheck to paycheck. My brother in law, before he died, was blowing through 500k per year. High cash flow. When he died he had a negative net worth. Not rich.

[pepsionice]

The $90k is relative. $90k in New York City will not get you much in terms of a lifestyle or apartment. $90k in Fargo, ND....will get you into the top 20-percent of residents. $90k in the Huntsville, Ala area will only do well if you live outside of the city.

[Mom MD]

There is a difference between high income and rich. While I make a nice income i am far from rich

[mountn man]

Josh Bivens, research director at the Economic Policy Institute, a progressive think tank,
said the findings relate to the growing gap between the rich and poor, and middle class and everyone else.
The average annual income of America’s top 1% was $1.8 million in 2015, Bivens noted LIED.
That was a far cry from the $100,000 a year deemed rich in the survey he said.

I have never seen $1.8 million listed anywhere (including IRS stats.)
Always somewhere around $350K

[arthurus]

A frugal single man or childless couple earning 90k can be legitimately thought of as “rich,” in Mississippi.

[Mr Ramsbotham]

You can be very comfortable at that amount, depending on your level of debt, and the area where you live. But rich? Hardly.

[dinodino]

Tell me about it—I live in Orange County.