What income/net worth is enough to categorize someone as rich?

1 Answer

Answer :

I think location is just as important. 100k a year in Manhattan isn’t much, while in Eastern TN it would be quite cushy. For my region I would say any family (three dependents or less) making 200k a year or more as rich. Same family base making 100–200k upper-middle class. 85–100k is a gray area to me. 45–80k middle class. 24–45k is lower middle class. 12–24k is working poor because not much saving can be done at this level and life tends to be paycheck to paycheck. Below 12k is poor.

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