Quote:
Originally Posted by bizaro86
Depends on the definition of rich you use. For most people a rich person is "someone with way more money than me." A definition which is constant in basically all income brackets.
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That's what I'm guessing is going on here, because people in this thread are setting waaaaay too low a bar on what would be considered 'rich' and using kind of a silly yardstick for defining it.
"Well off" vs "wealthy" vs "rich" all have different meanings, and to me give off very different impressions of a person's financial standing. "Well off" is doing well, living comfortably and not worried about money while also not rolling in it. You could be 'well off' at various income levels, given cost-of-living in your city, living arrangements, ability to save and plan your finances, etc. Someone who is 'well off' could reasonably acquire a car worth +$100k, but it would be a big deal and it would be something they worked really hard over a period of time to achieve.
Rich is the high-income earner, that kind of 1% yearly compensation amount you mentioned.
Wealthy is 'f-ck off' money; you don't have to work,
your money makes you money. That's wealthy.