Are you rich?

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).

Socially secure? Happy miser?

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.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to Are you rich?

  1. Brian Block says:

    Andrew,
    I saw this the other day and definitely agree with you that the region of the country can make a big difference on people’s thoughts about “what $ = rich” In Northern Virginia, where in most counties, average household income is pushing over $100K and an income of $100K hardly qualifies you for an average priced home, that income is far from what most people would consider rich.

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