U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-06-2007, 09:12 AM
 
Location: Londonderry, NH
41,492 posts, read 51,348,324 times
Reputation: 24612

Advertisements

I have always considered the boundary between rich and not rich is to be having all your income form your investments. Rich means not having to work (spend time at hire) for money to supply any of your basic needs. Really rich means not having to work for your desires let alone needs.

A 170 k salary is not rich. A 170 k annuity if you have everything you want is rich. A 170 k annuity won’t get you into some of the really rich country clubs however so must be considered as barely rich.
Reply With Quote Quick reply to this message

 
Old 11-06-2007, 09:19 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,667,284 times
Reputation: 1698
Quote:
Originally Posted by bigchuckie View Post
I know people who dont have a pot to P__ in that are some of the happiest people I have ever met. Rich is what you make it not what makes you

I understand and appreciate what you have posted. But looking at the economics aspects of this article.
Reply With Quote Quick reply to this message
 
Old 11-06-2007, 05:27 PM
 
4,270 posts, read 13,966,527 times
Reputation: 3351
According to the alternative minimum tax, you're rich, heehee.

$170K/yr would be very comfortable for us in PHX but by no means "rich".
Reply With Quote Quick reply to this message
 
Old 11-06-2007, 07:30 PM
 
1,572 posts, read 3,683,751 times
Reputation: 512
170K is upper-middle-class or lower-upper-class.
Reply With Quote Quick reply to this message
 
Old 11-06-2007, 07:35 PM
 
Location: southern california
55,636 posts, read 74,577,828 times
Reputation: 48121
Quote:
Originally Posted by baystater View Post
OK. I'm the northeast and I not quite making that much money (20 min outside of NYC). But I know even if I did I really nothing up here even. Even if I made 3 times that amount I would not be rich. I would be comfortable but definitely not rich.
So let me ask you guys. In your area (and please give us a general idea where you are.) do you think making a $170,000 makes you rich? If so what the level of income would make you below rich? If the answer is no what is the income level that would make you rich there?

http://finance.yahoo.com/banking-bud...ealth-Spectrum
if your wife spends 180,000 a year you are in hell and you are not rich.
i know guys whose bosses borrow money from them to make it to pay day.
the sky is cryin
(sing it)
Reply With Quote Quick reply to this message
 
Old 11-06-2007, 08:30 PM
 
Location: Arlington, VA and Washington, DC
23,628 posts, read 33,408,180 times
Reputation: 32335
if that 170k is made in South Carolina or Georgia, you is rich. You make 170k in New York, DC, or Ca nope.
Reply With Quote Quick reply to this message
 
Old 11-06-2007, 09:34 PM
 
Location: Kingman AZ
15,371 posts, read 34,644,612 times
Reputation: 9015
Quote:
Originally Posted by Alanboy395 View Post
if that 170k is made in South Carolina or Georgia, you is rich. You make 170k in New York, DC, or Ca nope.
BUT as Bunky said......no matter where....if your wife is spendin 180K youre screwed.
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 08:42 AM
 
Location: Arlington, VA and Washington, DC
23,628 posts, read 33,408,180 times
Reputation: 32335
Quote:
Originally Posted by dynimagelv View Post
BUT as Bunky said......no matter where....if your wife is spendin 180K youre screwed.
true indeed.
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 10:37 AM
 
Location: CA
2,464 posts, read 5,820,261 times
Reputation: 2593
Materialistically speaking... "rich" - to me - has more to do with net worth than income. My husband and I live a very materialistically simple lifestyle yet we invest heavily and our household income is between 160K-250K a year. Our house is average, I like buying clothes from second hand stores, we bargain shop and buy used cars and furniture... not an impressive "rich" lifestyle.
Reply With Quote Quick reply to this message
 
Old 11-07-2007, 12:14 PM
 
1,644 posts, read 2,108,162 times
Reputation: 1431
That's a bit more then double our household income so for us, with our current house and bills $170k/y would be VERY comfortable here in Windsor VT.

However, 20 minutes north, in the towns we worked in (Hanover NH & Norwich, VT) that would barely be middle class since property taxes there are 3X what we pay and houses are more then double than in my town.

So it's all relative, as most have agreed.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top