Dec 12, 2011
Are you rich?
12 Dec 2011
Posted by Andrew Kantor
If you earn $150,000 or more a year, you are — at least according to a Gallup poll that found that the average American puts the “rich” line at that figure. About 53% of Americans would consider themselves rich if they earned that much (although many would settle for much less).
Sadly, the poll isn’t broken down by region, because $150K in Queens (where my Dad lives) is a lot different than $150K here in Richmond. Still, an interesting peek at what’s enough.
Oh, and don’t forget the Princeton study we mentioned some time ago found that happiness peaks at about $75,000 per year. So “rich” doesn’t necessarily mean “happy” — just ask any lottery winner.