07-01-2018, 08:03 PM
(07-01-2018, 04:50 PM)creative Wrote: What is your definition of wealthy? I see this used all of the time and have asked the question before but nobody ever answers the question.
I think this was discussed previously. But I think you can think of it as someone that can afford certain luxuries without breaking the bank. Owning a $70,000 Tesla, for one, is reserved for someone wealthier than most. Though one could argue for a adult child living in his parents basement and has the cash to burn.
Perhaps one way to look at it, is, the Sunshine List, as it was, back in 1996. When $100,000 was a meaningful 'wealthy' wage, for a government worker. This translates into $150,000 today, or someone earning about $75/hour. And I think that's a good starting point for when one starts to become 'wealthy'. This is almost 3x the average hourly rate (or annual income) for full-time workers. And people making $50,000/year can't afford electric vehicles, yet subsidize for the most part those who can.