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I did make a definition of what I consider a baseline level that everyone should live.
Posted by roseba
Once you start bringing home annual bonuses that are more than the median American's annual salary, then it is more about power than anything else. How much money does someone really need?
Posted by roseba
Once you start bringing home annual bonuses that are more than the median American's annual salary, then it is more about power than anything else. How much money does someone really need?
Yes, and what dollar figure does that represent to you? The median American annual salary is in the mid-40's range. Ergo a person who is making $40K bonuses is making at least $500K a year. That is no longer middle class. And, that is nowhere close to the top 1%, but a fraction of it.
Yes, and what dollar figure does that represent to you? The median American annual salary is in the mid-40's range. Ergo a person who is making $40K bonuses is making at least $500K a year. That is no longer middle class. And, that is nowhere close to the top 1%, but a fraction of it.
Yes, and what dollar figure does that represent to you? The median American annual salary is in the mid-40's range. Ergo a person who is making $40K bonuses is making at least $500K a year. That is no longer middle class. And, that is nowhere close to the top 1%, but a fraction of it.
And I stated earlier in the thread that I work with plenty of people who make a significant amount of money in bonus... well over 40k per year. And they make under 200k a year in total compensation.
Now I know some doctors make well over 200k per year... and by your definition, they're middle class.
In my book you are only poor when you can't afford food and lodging. Then again, I like to keep it simple.
I guess my relatives in Indonesia would never call me poor, but the average Dutch guy would call me poor.
In my book you are only poor when you can't afford food and lodging. Then again, I like to keep it simple. I guess my relatives in Indonesia would never call me poor, but the average Dutch guy would call me poor.
But, when is someone "rich" (financially)?
This is a constant debate here in America.
Personally, I don't consider one to be financially rich, based on their annual income, unless they are earning 2 million a year or more.
You are rich when you are not poor. Like I said before; I like to keep it simple.
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I honestly dunno and have no idea, but I wouldn't call them poor tho.
Like I said before; I like to keep it simple.
