MarkHastings
Senior HTF Member
- Joined
- Jan 27, 2003
- Messages
- 12,013
I see how you guys are comparing wealth amongst other people. In that respect, it really is all relative and what may be considered wealthy to you, may not be considered wealthy overall.
But I think wealth can be (somewhat) determined on a larger scale. I think it's fair to say that no matter how simple your lifestyle may be, if you don't make more than a few hundred thousand/year in the US, you are not (by a long shot) considered wealthy.
In fact, I would say anything under $500k is only considered "rich". You'd have to make more than that and own some sort of 'riches' in order to start to be considered wealthy.
Like they've said, in recent years, becoming a millionaire these days is not what it used to be like. A million dollars is nothing when you consider what the real definition of wealth is today.
But I think wealth can be (somewhat) determined on a larger scale. I think it's fair to say that no matter how simple your lifestyle may be, if you don't make more than a few hundred thousand/year in the US, you are not (by a long shot) considered wealthy.
In fact, I would say anything under $500k is only considered "rich". You'd have to make more than that and own some sort of 'riches' in order to start to be considered wealthy.
Like they've said, in recent years, becoming a millionaire these days is not what it used to be like. A million dollars is nothing when you consider what the real definition of wealth is today.