What income level do you classify as being "rich" (i.e. - high)??

Answer 1

$150,000 a year

Answer 2

Ahh, therein lies the rub as they say. I've always wanted someone to ask a politician or class-warfare type how they defined wealthy. Of course, most people would be quick to tell you that they are not rich, regardless of their actual income.

In the end, the answer is actually pretty varied and subjective. In addition to geographic variances, being rich is also a matter of personal perception.

Answer 3

Economists generally consider "affluent" those making over 5X the poverty level.

The point is, wherever you draw the line, the shift over the last five and twenty five years has been one of the population upward. Every year the US economy produces between half and three quarters of a million new millionaire households - households with over a million dollars net worth excluding home equity. This is why the middle class is, in proportion to the whole population, shrinking.

Answer 4

I make about $53,000 a year and it the tax cuts aren't extended, I will pay more tax, so I guess anyone making over $50,000 is the top 1% of the rich. I think of millionnaires as being rich. I consider myself middle class, but not the government.

Answer 5

Just 50 cent above the guy who invented Stock Fraud ;)

Answer 6

More than one million is assets with half that in liquid assets. Many people make lots of money, but have nothing.

Answer 7

Define "rich", like yacht-rich or McMansion-rich?

Answer 8

low middle class conservative, not republican. independent, not degenerate...sorry not democrap.


that's what i am.


to qualify as high income would mean earning a wage of over half a million per year, but with a NET worth of WELL into the millions. i do not qualify as such.

Answer 9

Ching ching

Answer 10

in todays market? as a personal scale I'd say 250K+ a year.