Let the people speak: is-someone-earning-200000-usd-per-year-wealthy-in-your-opinion

  • Posted by a hidden member.
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    Sep 15, 2010 10:21 PM GMT
    http://www.ask500people.com/questions/is-someone-earning-200000-usd-per-year-wealthy-in-your-opinion

    52% said yes (and the majority voting is coming from USA). And it's not a yes/no question--there's actually yes, maybe, no, and I don't know. Now they haven't reached 500 people yet, so please feel free to spam click no on that site.

    A commentator put this in also:


    Type in:http://www.globalrichlist.com/
    and put down $200001. Drumroll..............
    "You're in the TOP 0.001%
    richest people in the world!"
    You end up as the last person in the following diagram.
    scale_new.gif
  • Posted by a hidden member.
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    Sep 16, 2010 8:40 AM GMT
    Wow people must have an inflated idea of what "wealthy" really is. If I were making 50K a year I'd be happy.
  • Posted by a hidden member.
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    Sep 16, 2010 10:17 AM GMT
    If you are making 200K per year and you don't think you are wealthy - then you really have no sense of what 'poor' is.

    If your (only) TV breaks and you don't have money to replace it for a while and you start asking friends and relatives if they have an old TV you can bum...

    If you think eating out means McDonalds, Captain Ds or KFC...

    If you list your assets and the most expensive thing you can think of to write on the list is your couch...

    If earned more on your last paycheck than you have saved for your retirement...

    Ok, so 200K is extremely wealthy as pay rate. But even at that amount, you can always feel like there are things you can't afford. Even if you make that amount for many many years in a row. There will still be things you want but cannot afford. If 'getting everything you want' is your gauge for being wealthy, then you can be poor no matter your wealth.

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    Sep 16, 2010 10:53 AM GMT

    equating this to about €150K in Ireland.

    I would say you're going to be quite comfortable, with a family and house and car, partner not working etc money is still going to be a consideration but generally not a worry.

    Your typical €1million home is going to eat about 3K per month in mortgage repayments, cars another 1.5K etc......

    Wealth is more to do with assets, so assuming you've got the assets resulting in the cumulitive earnings for your given age based on typical levels of pay increases over the years, I would say to be termed 'wealthy' you would need to be on say €250K ($400K)....