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In Reply to: Whether I am rich or not depends on how I define rich on the test posted by Goober58 on May 7, 2021 at 11:08:55:
I picked the top 20% as being perceived to be rich. Of course, that's not truly rich, but enables one to live well, own a home etc. However, there are plenty of folks in that or even higher income levels that aren't rich at all and are just living paycheck to paycheck while trying to keep up with the Joneses.
While the top 0.5% are probably truly rich, I recall seeing a study somewhere where the people in the top income levels change tremendously, think athletes, celebrities and ponzi schemers. High incomes don't typically last forever.
-Rod
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Follow Ups
- RE: Whether I am rich or not depends on how I define rich on the test - Rod M 05/7/2112:03:09 05/7/21 (11)
- RE: Whether I am rich or not depends on how I define rich on the test - Goober58 12:24:24 05/7/21 (10)
- RE: Whether I am rich or not depends on how I define rich on the test - Rod M 12:57:22 05/7/21 (8)
- I doubt many billionaires live modest lifestyles and keep their cash in a mattress. - Rick W 12:32:45 05/8/21 (0)
- That's the problem I have with tax the rich - Goober58 13:41:46 05/7/21 (6)
- You heard very very wrong. nt - tinear 18:24:27 05/7/21 (5)
- No I heard correctly - Goober58 19:55:50 05/7/21 (4)
- RE: No I heard correctly - rivervalley817 21:17:07 05/7/21 (3)
- I always think that maybe if I work REALLY heard. . . - Chris from Lafayette 10:45:13 05/9/21 (2)
- RE: I always think that maybe if I work REALLY heard. . . - fantja 23:41:51 05/9/21 (0)
- RE: I always think that maybe if I work REALLY heard. . . - rivervalley817 22:43:08 05/9/21 (0)
- Billionaires ? ... - reelsmith. 12:28:47 05/7/21 (0)