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Reply to "Rich v Affluent"
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[quote=Anonymous][quote=Anonymous]There have been a number of threads insisting that people earning $300,000, $400,000, and more are not rich (and the converse statement that people with $200k HHI are not even middle class). Perhaps the problem lies with the definition of "rich." Some people say one is rich when he can live off passive income, and others say that rich would encompass those who manage to own a home in a major city (the city, not the surrounding area), send their kids to private school, international travel, and still have money left over to find retirement and college accounts. Would it solve the problem by calling people "affluent" and "extremely affluent"? If so, I would say the following works for an INDIVIDUAL income in the DC metro area: Under $30k = Poor $30k to $50k = Lower-Middle $50 to $80 = Straight Middle $80 to $120 = Upper Middle $120 to $200 = Affluent $200+ = Very Affluent Double these figures if talking about HHI. [/quote] No one has stated the converse statement you listed above (that someone making 200k is not even middle class). Just because people think 300k is a middle class income doesn't mean they, therefore, think 200k is a lower class one.[/quote]
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