2006-10-06 07:31:49 · 9 answers · asked by Anonymous in Social Science ➔ Economics
The rich to me are those who no longer live paycheck to paycheck and worry more about what charity to give to rather than what bill to pay.
2006-10-06 07:47:28 · answer #1 · answered by Venus M 3 · 0⤊ 0⤋
I have an accountant who told me this: " You are better off than most now. Your net assets are in the $3,000,000.00 range, but by no means are you rich. 25 years ago, you would be in the higher % of the wealthy class. By today's standards, you are not even close to that %. You are not a middle class per say, you are not wealthy; you are able to be comfortable but should continue to work hard to earn as much as you are able to enjoy your retirement when it comes".
So, I am 48 now, not rich, worth a comfortable amount in assets and need to work for retirement. Sounds middle class to me, right?
I am not wealthy. I am not rich.
The separation of classes from the poor to the rich gets farther apart every decade. Maybe every year or day. To me the middle class is everything in between these classes. We know poor, we understand rich yet we choose not to discuss the parameters due to being so broad we can't target the floating decimal of the working middle class.
2006-10-06 16:43:20 · answer #2 · answered by Michael K 3 · 2⤊ 0⤋
What I read this week is that the average household in America earns cumulatively $42K a year. I'd say that $30K to about $100K would be middle class. (This is unofficial though)
There is a category that I would put in before rich that I'd call "well off". In this category, I'd say that $100K to $150K would be well off.
I'd say rich would most likely start around $200K a year. But, you must know that rich is "relative". If I make $200K a year, but I'm in debt a half million, I'm not rich. But, if I earn $90K a year and don't own anybody any money, then I'd be rich.
For this reason, I'd say your question is too general to be relevant.
TX Guy
2006-10-06 14:38:19 · answer #3 · answered by txguy8800 6 · 0⤊ 0⤋
There is no $/£/yen answer. Psychologically I would say "rich" is when you don't consider what something costs before deciding whether to buy it. Anything less is middle class.
2006-10-10 12:19:45 · answer #4 · answered by MBK 7 · 0⤊ 0⤋
The poor have expenses
The middle class has expenses they think are assets
The rich have assets
2006-10-06 14:40:15 · answer #5 · answered by CarolynJayne 3 · 0⤊ 0⤋
rich is when u have all the money in the world and middle aclass is when u are not poor but not rich
2006-10-06 14:40:14 · answer #6 · answered by Katie Noble 3 · 0⤊ 0⤋
I believe the distinction of upper class is above 78K
2006-10-06 20:40:22 · answer #7 · answered by The Duke 2 · 0⤊ 0⤋
If you have to ask then your middle class
2006-10-06 14:34:42 · answer #8 · answered by dave m 2 · 1⤊ 1⤋
rich = anyone who makes a dime more than you. okay?
2006-10-06 14:38:51 · answer #9 · answered by kapute2 5 · 1⤊ 0⤋