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View Full Version : How Much Does Someone Need to Earn to Be ‘Rich’?



red states rule
12-12-2011, 05:00 AM
If this poll is a true indication of how Americans feel about what it tsakes to be "rich" the country is in deeper trouble than I thought

Considering more than 1/3 of the money earned is taken by government in taxes, living in places like NYC, and LA $100,000 will not go very far




How much do you need to consider yourself “rich?” Americans say they would need an annual income of $150,000, according to a Gallup poll this week.

Gallup (http://www.gallup.com/poll/151427/Americans-Set-Rich-Threshold-150-000-Annual-Income.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=Business) asked, “Just thinking about your own situation, how much money per year would you need to make in order to consider yourself rich?”

The median income figure of the telephone responses was $150,000. However, 30 percent said less than $100,000 would be enough. Only four percent said earning $1 million or more would make them feel rich.

Americans’ perceptions of the income needed to be rich were a bit higher than in 2003, when Gallup last asked the question. Eight years ago, $120,000 was the median Americans said they would need.

http://abcnews.go.com/blogs/business/2011/12/poll-americans-need-150k-income-to-feel-rich/