I mean, making good money is just that....I certainly can afford my bills and have a good time...but I just wonder what do people consider well off?
2006-10-24 08:29:21 · 5 answers · asked by shanstew 3 in Business & Finance ➔ Careers & Employment
"Well off" is much too general a statement. It's relative to your education, your way of life, and where you live. In this area you are "well off" if you make about $100k or better as a family. You can afford your bills at about $60k or better.
2006-10-24 08:31:25 · answer #1 · answered by randomidentification 3 · 0⤊ 0⤋
In 2005, the average income for all households is $43,326 http://www.census.gov/prod/2006pubs/p60-231.pdf
If you're a 4 person family, here's the average income in various states
http://www.census.gov/hhes/income/4person.html
If you are within the average, then that could mean that you have "a healthy income" though topping the average is much better. So use the above data as your benchmark
2006-10-24 08:39:08 · answer #2 · answered by imisidro 7 · 0⤊ 0⤋
if you keep your expenses low you can have a healthy income on any level
example let say 80k a year but i live like I make 40k meaning smaller house, used small car ect...
soo.. the key is to control your expenses most people spend more than they make
2006-10-24 08:34:04 · answer #3 · answered by mmmkay_us 5 · 0⤊ 0⤋
where i live well off is also 100k and up....cost of living is high and minimum to pay for house payment and some entertainment/play money is about 75k
2006-10-24 08:36:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
$50,000-75,000
2006-10-24 08:31:26 · answer #5 · answered by WC 7 · 0⤊ 0⤋