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Reply to "What do you consider rich vs UMC?"
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[quote=Anonymous]Here is the distribution of net worth in the U.S. based on a Federal Reserve survey. These are for 2016, the latest year available: Net Worth Percentile 2016 Dollar Cutoff 90.0% $1,182,390.36 95.0% $2,377,985.22 99.0% $10,374,030.10 99.5% $16,115,373.00 99.9% $43,090,281.00 These figures include house and vehicle values but exclude sources of periodic streams of payments from Social Security or pensions. Whether a particular net worth or not makes you rich will depend on your age and/or income from a salary or periodic streams of payments. Someone who is retiring with $1 million with no other source of income but social security is not rich and could die penniless from health care and nursing home costs. Someone with that net worth who is 30 and is making $250,000 in an in demand field is at least in progress to being rich.[/quote]
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