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Reload this Page If you make over 75,000 a year, are you rich? (hell)
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  #1  
Old 02-21-2008, 11:57 AM
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Default If you make over 75,000 a year, are you rich?
At least John Edwards thought that you had to make 6 figures to be rich. Both are crazy, but which is more crazy?
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  #2  
Old 02-21-2008, 11:59 AM
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I would not consider 75K/year to be rich.

But the question isn't really this simple. What is "rich"? Where are we talking about - Berea, Kentucky or Manhattan? Is the person single or does (s)he have a spouse and ten kids?

"Rich" is relative.
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  #3  
Old 02-21-2008, 12:04 PM
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Generally speaking, if you make 75,000 a year in California right now, you break even.

So in short, no.
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  #4  
Old 02-21-2008, 12:05 PM
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Quote:
Originally Posted by nutshell View Post
I would not consider 75K/year to be rich.

But the question isn't really this simple. What is "rich"? Where are we talking about - Berea, Kentucky or Manhattan? Is the person single or does (s)he have a spouse and ten kids?

"Rich" is relative.
I find that a stunning statement. We live in very different worlds.
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  #5  
Old 02-21-2008, 12:13 PM
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Originally Posted by Reverend Rick View Post
At least John Edwards thought that you had to make 6 figures to be rich. Both are crazy, but which is more crazy?
Yes, filthy rich. Though if you're talking in terms of dollars that's about £2.20. But in pounds, yes it's a lot of cash... well... if you're buying a car... but if you're buying a house it's not so much... it's complicated and I'm tired! *zombie walks away*
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  #6  
Old 02-21-2008, 12:16 PM
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Originally Posted by stephenw View Post
I find that a stunning statement. We live in very different worlds.
You don't find the term "rich" to be relative?
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  #7  
Old 02-21-2008, 12:17 PM
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Originally Posted by nutshell View Post
You don't find the term "rich" to be relative?
I'm stunned at the statement that you would not consider 75k a year rich.
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  #8  
Old 02-21-2008, 12:20 PM
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Remember, as Phasmid pointed out, that 75K in USD is more like 38K in pounds or euros.
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  #9  
Old 02-21-2008, 12:22 PM
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Originally Posted by stephenw View Post
I'm stunned at the statement that you would not consider 75k a year rich.
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.
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Old 02-21-2008, 12:26 PM
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