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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You cannot just look at asssets unless they are upwards of $10M. Where it matters less and less whether one works or not depending on age. I think a 30 yr old with $10M and no salary is in a precarious position. Whereas a 45+ family not so much and if they are 60, then they are golden.

Would someone with $5M at age 50 and no salary for either DH or DW and two kids be considered wealthy? They believe in FIRE. Have dividend income but that’s it.

What about 50 yr olds with two kids and HHI of $150k (and a SAHM) and NW of $4M.

IMO, it’s a combination of HHI and assets. Also without age information, no point.

[/quote]

Yes, if they have $5 million, they would be considered wealthy. They could safely take $200,000 a year out of that! And they could also go back to work. Your other 50-year-olds, with $4 million and a $150,000 salary, are ALSO WEALTHY. The fact that that's a not uncommon level of wealth and income in this area doesn't make it not wealthy. It means there are a lot of wealthy people in this area. [/quote]

A 30 year old with $10 million is not in a precarious position.  That amount conservatively would yield about $400,000 a year.  So long as the person reinvest at least $100,000 or so of that every year they could live just fine almost indefinitely.[/quote]

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