If you have a net worth of $1.4 million, you're in the top 5% of Americans.
But if you ask a rich person, they will $5 million, ask a richer person and they will say $25 million, ask the richest people and they will say $100 million.
A Rich Person's Definition of Rich. Hint: It's always more than they have. About twice what they have.
Even the rich pretend to be middle-class.
Posted by Jill Fallon at January 22, 2008 8:07 AM | PermalinkI think the problem is - they never define "rich". Like many words, it's open to interpretation - this word more so than most.
There is always someone who has more than you and someone who has less. If rich means "being able to afford to live the way you want" even this is a changing definition.
Simply in monetary terms, people will always believe they are not "rich" if there happens to be a group of people who have more than they do.
But, I really wish they would define terms when they start asking these kinds of questions.
Posted by: Teresa at January 22, 2008 11:26 AM