Re: What is rich?
I would think that net investment earnings of 250K annually is certainly in the 'rich' category. 'Rich' is very much a relative term and for news reporters, governments etc. the term probably means someone whose income or net worth is well above the norm. By that defintion I would think that anyone whose annual income from any source(s) over 150K would be considered rich although I know many people who seem to struggle on that amount (the person in the mirror maybe?) SteveNY says 'wealthy' is another story and I completely agree with that.
Good discussion point.
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