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Forum nameGeneral Discussion
Topic subjectWhat is rich anyways?
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13493791&mesg_id=13493822
13493822, What is rich anyways?
Posted by handle, Thu Nov-02-23 01:17 PM
I mean I have retirement savings, a condo and savings but I don't "feel" rich. (And by the IRS definition I'm not even 1/3 of the way there.)

I think someone with a $40k year job and $30k in the bank and a mortgage might think someone who owns a condo outright and makes $100k a year is 'rich.' But the person making $100k doesn't feel rich.

https://finance.yahoo.com/news/income-level-considered-rich-140003986.html#:~:text=Based%20on%20that%20figure%2C%20an,%24819%2C324%20or%20more%20each%20year.

What Is a Rich Monthly Income?

The amount of money you need to make each month to be rich depends on which metric you’re using. If you’re going by the IRS standard, then you’d need to make approximately $45,000 a month to be rich. On the other hand, if you’re aiming for the top 1% as measured by the EPI, you’d need a monthly income of $68,277.

I'll bet you're rich compared the 25 year younger version of yourself!