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The money people make the "higher" they live. I have a friend (no children) whose net take-home is $4000 and yet he pisses 'n' moans about being broke.
Nope it is a market mechanism to reorganize. But nice try.
No, it is govt protection/help from creditors setup by congress.
It is criticized for creating unnatural market conditions by saving unsuccessful/incompetent management from the natural forces of failure in the market and damaging the efficiency of the economy.
I think a person who is debt-free and self-sufficient is a financially rich person. Even if they don't pull in a higher than average salary... I would consider them wealthier than someone who earns $100K or higher yet who has auto loans, home mortgage, credit card debt, school loans, etc...
every person who says 300000 a year isnt rich are ungrateful bastards. im 18 and getting my mba, my wife is going to be a crna. so we will make more than that, but right now my family pulls in less than 15000 a year. seeing these people say that they have 3M in payments, so theyre not rich really pisses me off. you would think someone that successful would have enough brainpower to realize that if you can afford top end things, and still have enough to retire on and live on. YOU ARE F*****G RICH.
i am sorry. but if its possible to live on 15000 a year. i think that 250000+ is rich.
It's been asked at what salary level is someone considered rich, and there has been some very interesting insight.
My question is, if a family has a combined income of $300,000 a year, are they considered "rich". Of course everything is relative, but in most parts of the US is this considered wealthy?
While this figure is clearly a large sum, I think it depends how old one is when they earn this kind of money which determines whether or not they are rich. If it's someone in their 30's or even 40's, I would argue that they are affluent (not rich).
But if it's someone in their 50's or 60's (who has yet to pay off their mortgage, drives luxury automobiles, travels extensively, dresses to the nines, enjoys fine wine and food) I would say they are not.
Even though a salary of $300,000 puts one in the top .9% of US income earners, I still do not consider this figure to be "rich". Do you?
That's about the yearly income of my Grandpa. He claims that: "if a trip around the world costed a time, I couldn't get out of town", but his fancy condo, million dollar lakefront cabin and purchase of a new car every six months seems to suggest otherwise.
It's been asked at what salary level is someone considered rich, and there has been some very interesting insight.
My question is, if a family has a combined income of $300,000 a year, are they considered "rich". Of course everything is relative, but in most parts of the US is this considered wealthy?
While this figure is clearly a large sum, I think it depends how old one is when they earn this kind of money which determines whether or not they are rich. If it's someone in their 30's or even 40's, I would argue that they are affluent (not rich).
But if it's someone in their 50's or 60's (who has yet to pay off their mortgage, drives luxury automobiles, travels extensively, dresses to the nines, enjoys fine wine and food) I would say they are not.
Even though a salary of $300,000 puts one in the top .9% of US income earners, I still do not consider this figure to be "rich". Do you?
No I dont and it really doesnt make you rich if you live in certain states.
For me rich is over a million
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