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Money and Finances
Reply to "How much interaction do the "mass rich" have with the super-rich?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My uncle is 1m+/year and he lives very much an upper middle class life. He's certainly not taking private jets every weekend or even employs any permanent housekeeping help. Couple of luxury cars, 2 UMC level houses where his mother lives + where his daughter lives + country club membership in small town. [/quote] Ok. So?[/quote] Someone drew the line for out of sight rich at incomes of 1m+. It's low. Pp is thinking like a poor plebe.[/quote] It really depends. Income is a pretty incomplete picture, and it only tells you part of the story. But if someone has $1M income over an extended period (like a decade plus), and doesn't blow it all, and makes good investments, then such a person can certainly [i]reach[/i] the out of sight rich. But it's not automatic.[/quote]
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