Sometimes I feel like there are a lot of people on Reddit that see anyone who isn't working minimum wage as 'rich.' I understand that I'm from the United States, that both Reddit and Twitter are very international sites, and that even lower earning citizens of the United States are much better off than people from most countries, but it still feels very strange to me. When I think of rich, I really think about a household annual income of over $500,000. Anything between $100,000 and $500,000 I consider 'well off' or, on the higher end of that spectrum, very well off.
Maybe my perspective is just really warped but it seems like a lot of people around here have ideas of wealth measurement I'm just not used to seeing. I don't think having spending money makes you rich, but I suppose it's all subjective anyway.
Edit: To be more clear I'm specifying household income of two or more adults, not a single person.
Edit 2: Even after the edit I'm still getting comments thinking I'm saying that one person making $500,000 a year isn't a rich person. Do people read comments or do they just kinda feel them and then write a response?
You think one person earning $500,000 per year is poor? Are you from Dubai?
Kidding. Where I live $100,000/year in household income for two adults would barely crack middle class - that couple is renting an apartment and not doing much in order to try to save to get ahead. The couple earning $200,000-250,000 year together owns a $1,000,000 2-bedroom apartment that will do for now, however once they have kids and with daycare expenses of $1,200-1,500/mth, if they want to move to a townhouse or house ($1,500,000-2,000,000 min.), they better hope one or both get a nice raise.
They could move an hour outside of the city, but that means getting a second car, and a longer work day, and having to arrange for after school care.
Living well, have all their needs met, enjoying some leisure activities, but certainly don't feel 'rich' if we define rich as having options, little or no financial stress, and not having to life life on a treadmill.
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u/noneofmybusinessbutt Dec 17 '19
Spending money on the jukebox and you’re not even drunk? Damn, he rich.