If you make over 75,000 a year, are you rich? (hell)

[stephenw]

Originally Posted by nutshell

Did you read the rest of my post?

It depends on many factors such as location, family size, current debt, etc. Another poster pointed out that $75K in California is breaking even, which is far from being rich.

Rock stars with expensive habits sometimes don't break even, are they poor ?

[tomspug]

If you make over 30K a year, which is practically everyone in America, you are rich.

[nutshell]

Originally Posted by stephenw

€50,576 today according to XE.com.
And the dollar is weak at the moment
And things in the US are cheap in comparison to here.

This is the average industrial wage here:-
CSO - Statistics: Industrial Earnings

The average industrial wage you link above would be $48,100 in the U.S.

But again, this amount is different depending on location, family size, current debt, etc.

For example, a $300K home in the suburbs of Portland, Oregon might be $700K in parts of California. Obviously, that $75K or $48K or whatever it is will be used up more or less quickly depending on location.

[nutshell]

Originally Posted by tomspug

If you make over 30K a year, which is practically everyone in America, you are rich.

That's a joke. A person making 40K in California won't even be breaking even. Do you think a person can survive in Roseville on $40K?

[tomspug]

Originally Posted by nutshell

That's a joke. A person making 40K in California won't even be breaking even. Do you think a person can survive in Roseville on $40K?

You have no idea what rich is.

[Mister_T]

Originally Posted by tomspug

If you make over 30K a year, which is practically everyone in America, you are rich.

In comparision to the third world countries, yes definitely. By American and countries like it standards though, not even close.

[Mister_T]

Originally Posted by stephenw

Rock stars with expensive habits sometimes don't break even, are they poor ?

No, they are bad with money.

[tomspug]

That's the thing though. You don't need more than 30K in America to live a normal life. You only need MORE to get the bigger house, the nicer car, things that don't matter!

With 30K a year, you can find a comfortable place to live, afford health care, a car, car insurance, own multiple sets of clothes and shoes, feed yourself, and still have money to spare to buy things for yourself for entertainment and comfort. How about that?

[Mister_T]

Originally Posted by tomspug

That's the thing though. You don't need more than 30K in America to live a normal life. You only need MORE to get the bigger house, the nicer car, things that don't matter!

I make 31,000 a year, and I can't even rent a studio apartment on my own. That's hardly normal and that matters.

Originally Posted by tomspug

With 30K a year, you can find a comfortable place to live, afford health care, a car, car insurance, own multiple sets of clothes and shoes, feed yourself, and still have money to spare to buy things for yourself for entertainment and comfort. How about that?

Come down to L.A. and see how well you live off 30,000 a year. Comfortable place to live? Sure, if you consider South Central "comfortable." Healthcare? There are people making 100,000 a year that can't even afford healthcare unless it's provided by their employer. Car and car insurance? Depends on how much you have left over after food and rent. Maybe if it's used. Clothes and shoes? Yes. Food? We'll see how inflation goes this year. Entertainment and comfort? Depends on what you have left over after car, rent and food and what you consider entertainment and "comfort." I don't have a car payment, and if I did all the things that I considered entertainment and comfort, I'd be living paycheck to paycheck...hopefully.