Talk of The Villages Florida - View Single Post - What is rich?
Thread: What is rich?
View Single Post
 
Old 06-12-2008, 03:42 PM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,841
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: What is rich?
Just found this statistical definition from the WSJ:

A net worth of $1.4 million will put you in the top 5% of Americans, according to the Federal Reserve. Yet to the wealthy today, having $1 million (including the value of your homes and certain retirement assets) seems like chump change.