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It's always "wealthier than us", isn't it?
But I'd say whenever you have no money worries, that's wealthy. Like you could retire today if you wanted and not just survive but buy a new car or house if you wanted to, go on a long vacation, anything that just needs money to do is within your reach. Never have to say no simply because of money. That is what I define as wealth (financial wealth) and it's different amounts in different places.
Anyone who has strong opinions about new video games or a favourite Tiktoker is wealthy
In general I would say you're rich if you could stop working and live a life where you never want for anything
You can cure rich with a weekend in Vegas, Wealth is terminal.
Which kind of rich do you mean? The 'this person is truly wealthy but it's not unreasonable' or 'this person is unacceptably rich and should have their money taken away if not worse'?
The former can be somewhere around....$10,000,000 or so. Lower the older the person is really (cause I consider rich versus remaining expected lifespan), so maybe even as low as $6,000,000 for someone who's currently 40.
The latter where it's simply unacceptable for people to have that much I'd start the cutoff around $400,000,000 or so.
And slight sidenote on the unacceptable levels: Elon Musk and Jeff Bezos both are so unacceptably wealthy that they could make one person a day wealthy by my $10,000,000 standard...every day...for 100 years...before running out (and that's assuming they stopped accruing money at the beginning of this)...and still be unacceptably wealthy to a crazy degree.
Oh and all my numbers are assuming no additional income and definitely no interest or investment (but also assuming the money remains the same value it has today).
I guess what would it take for you to look at yourself and conclude that you're rich?
For me, given my age and all...five million.
$500,000 combined household gross income
Anyone with a net worth listed on their wikipedia page.
Anyone who can lose several million dollars at work and might still have a job the next day.
Anyone who can damage fancy clothing and think "I'll just get a new one."
Anyone who can have a holiday abroad every year. Especially if they have a summer home.
Anyone who gets surprised when they find out someone has never been skiing.
Anyone who gets surprised when they find out someone has never been skiing.
That depends on culture a lot. In Austria it's actually rare to find someone who has never been skiing (25% of the population go skiing regularly, and that has already been at around 50% not many years ago). Even when not doing it with your family while growing up everyone learns it at school.
I'm not rich at all but I do get surprised when someone who isn't obviously from another country has never been skiing (typically it means that they grew up somewhere else but you just don't notice anymore).
Living in London and working in the City so long really skewed my view on this. I guess because I worked with so many people earning six figures (and double that for household income) who were still very much "workers", were paying off the mortgage and hated commuting like anyone else. They didn't seem rich to me. Maybe if they sold up and moved out of town, sure, but just trying to live day to day they were counting the cost like an average person just up-scaled.
I feel like being able to live off passive income / interest AND living where you want is where "rich" starts for me. I could live off passive income now, in a basic place far from London but I'm not "rich". I can live pretty much where I want in London, but I'd have to continually work for it. Being able to do either of these things would put me in many people's "rich" bracket but for me it's when you can do both at the same time.
As if to prove your point on London, this is timely...https://www.ft.com/content/fa6fdb8e-c36e-4854-8b3a-1552ab41f217
You're not really wealthy until you can raise your own legion.
Wealthy and rich have nothing to do with one another.
Wealthy is a person that lives in a stable environment, where they aren't threatened with death on a regular basis (such as, losing one's job).
If they own a house, make at least 100k a year and can support their family comfortably, I would consider that wealthy. My father is in this bracket and he goes on vacations over seas, owns 3 relatively expensive vehicles, and still saves enough for retirement.
You don't need a million dollars to live a rich, fulfilling life.
I think calling Bezos rich is an understatement. My mind cannot comprehend the amount of wealth he has.
A wealthy man has no bills