what is the definition of wealthy?

[lookout123]

radar it was a joke, based more on timing that anything else. this thread is about wealth, but jag and i have drifted a bit - we're both bouncing between two threads.

[jaguar]

Indeed. It's 1:30am here and I'm waiting for a render to finish so this is the most interesting way of passing time.

[lookout123]

uh-huh. a render?

[jaguar]

3d work, maya to be exact.
Ok, a render and too much coffee.

[Happy Monkey]

I sort of miss 3d work. I should play more with POVRay...

But I enjoy playing with other peoples 3d work (computer games) too much.

[jaguar]

I've sworn off games, too addictive, the only game I play now is Transport Tycoon and that's only when i'm goofing off browsing already. I find 3d frustrating as hell but some things it's the only way.

[Happy Monkey]

Sworn off games? But... But... DOOM 3 is gold!

[smoothmoniker]

i think when people say it's all relative, what they mean is:

middle class = me
poor = less $$ than me
rich = more $$ than me

-sm

[jaguar]

Yes and no, there are extremes that will always be 'rich' or 'poor' but that median mark moves a heck of a lot and I think it isn't always as clear cut as that.

[slang]

Originally Posted by lookout123

..........what income level makes you say "that person is wealthy, he's not like us?"

One that allows a person to buy pizza or other delicious fat food on a whim, without working it into their budget.

That's my definition now. With a little luck that will change in a few months.

[LSMFT]

Wealth is power.

[Catwoman]

Originally Posted by LSMFT

Wealth is power.

Just to expand:

Wealth is consumption is corporations is capitalism is the West is the most powerful.


But I would define a 'rich' person as someone for whom money is not an object - they can buy whatever they want. In literal terms, this depends on the society they live in. In this country, I reckon around £750,000 a year.

[jaguar]

Not on a linear scale though and it's a farly poor way to get it.

[glatt]

Lots of variables.

I live in Arlington, VA, a suburb of Washington D.C. I just looked up the demographics for my county. I make almost exactly the same as the median income for a male in this county. That makes it sound like I'm right smack dab in the middle. Only thing is, I'm married with two children. My wife stays at home to raise the kids. That's rare. So as a household, we make about 20% less than the median household in this county. As a family, we make about 30% less than the median family for the county. So depending on what you use as a measurement, I am smack dab in the middle of middle class, or I am at the bottom end of middle class.

If you compare me to the country as a whole, I do a bit better, but the cost of living is higher here.

What's wealthy? It's all really just semantics. I personally think that even if you have to work for your money, you can still be wealthy. Doctors and lawyers are generally wealthy, in my opinion, and they need to work. You can't put a figure on it, because it depends on what your expenses are. A family of four needs more money to survive than a single person. If I had to put a figure on it, I would say that if you make over 150,000 per year, you are wealthy. A large family should be able to live well on that just about anywhere in the US.

[jaguar]

750?
I could spend that in an afternoon.

Money is no object is equally relative. I know a guy that is worth around 80m, he wants to be worth around 500m so he can buy a 10m yacht without really thinking about it.