Exactly how does one define wealth?
2006-09-26 12:07:19 · 9 answers · asked by Gringa 1 in Business & Finance ➔ Other - Business & Finance
it depends on what time period the $5100 was earned over. if a person earns $5100 per year, that is poor. if a person earns $5100 per day, that is wealthy.
furthermore, the amount must be compared against different geographical regions. $5100 in the US is much less than $5100 in, say, thailand. similarly, $5100 in beverly hills, ca is much different than $5100 in topeka, ks.
2006-09-26 12:18:42 · answer #1 · answered by loveholio 5 · 0⤊ 0⤋
This depends on culture, and as other people said, period of time. In the United States, one would be considered poor if this was their annual income, middle-class if it was their monthly income. This would also be the case in most fully industrialized countries. However, in third world countries, someone who had this as a monthly income would be practically a king, and yearly, would still be well off.
2006-09-26 19:17:46 · answer #2 · answered by Chris 2 · 0⤊ 0⤋
Poor
2006-09-26 19:15:06 · answer #3 · answered by jackie 6 · 0⤊ 0⤋
poverty level. D
Wealth
1.a great quantity or store of money, valuable possessions, property, or other riches: the wealth of a city.
2.an abundance or profusion of anything; plentiful amount: a wealth of imagery.
3.Economics.
a.all things that have a monetary or exchange value.
b.anything that has utility and is capable of being appropriated or exchanged.
4.rich or valuable contents or produce: the wealth of the soil.
5.the state of being rich; prosperity; affluence: persons of wealth and standing.
2006-09-26 19:11:01 · answer #4 · answered by mojo2093@sbcglobal.net 5 · 0⤊ 0⤋
USS 5,100.00 monthly? Middle. Wealth is define on the taxes you are paying. If you are paying millions to the government in forms of taxes, you are considered to be millionaire, its not the income that you recieved.
2006-09-26 19:31:52 · answer #5 · answered by Sam X9 5 · 0⤊ 0⤋
Per year? if this is the case the answer is beyond poor
2006-09-26 19:11:19 · answer #6 · answered by wolfwi4 2 · 0⤊ 0⤋
You didn't specify if that income was monthly or yearly ??? If its monthly... I would say upper middle class/wealthy depending on circumstances.... ( debts....financial dependents)... .if it's yearly..... then they are poor!!
2006-09-26 19:16:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋
E: Dead.
Because you can't even survive on that per year.
2006-09-26 19:16:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
a. poor
per year
b. middle class
per month
2006-09-26 19:10:08 · answer #9 · answered by a_blue_grey_mist 7 · 0⤊ 0⤋