What does your net worth have to be too be considered rich? I have a dozen cars but don't feel entitled or well off...

That your car?

wat kar

What's wrong with the hood?

Yes
Toyota corona coupe
Latch needs to be adjusted

That is interesting and sad

Somewhat inaccurate

What's sad?

So offer corrections. Will also vary by country/exchange rate. That's my Merican scale.

Elaborate?

Richfag criterium: Are you collecting watches yet?

Yeah heres one give me some fucking money and stop fishing on your blog

That entry rich/nu rich isn't much of a reach and middle class seems abysmal

This car isn't mine, just a dream car

Fishing on my blog?

40% of the wealth is owned by 1% of the population, of course such wealth inequality will cause a poor middle class.

>tfw the 1% on your scale
Your scale is shit. My net worth is mostly in property and I drive a shitbox

>$450,000
money.cnn.com/calculator/pf/income-rank/

>$380,354
financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/

>$228,298 - $677,608
huffingtonpost.com/2015/01/26/1-percent-in-each-state-map_n_6548222.html

>$460,000
businessinsider.com/income-top-one-percent-us-cities-2015-8

>$770,000
investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp

>$423,000
newrepublic.com/article/120848/map-top-1-percent-incomes-state

>$300,000
theatlantic.com/business/archive/2014/10/the-top-1-percentand-01-percentof-every-age-group-in-america/382094/

>$521,411
usfunds.com/investor-library/frank-talk/what-does-it-take-to-be-in-the-top-1-percent-not-as-much-as-you-think/

Nearly all between $250-500k.

He's talking about yearly earnings not net worth bro.

>What does your net worth have to be too be considered rich?
20 million US dollars is the current cut-off to be considered rich.

>being a poorlet

>20 million US dollars is the current cut-off to be considered rich.

Uh, where?

The sad news is you need 5-8 mill to be all set

Maybe in 1993.

I make about 40k and I definitely can't afford to live a middle class lifestyle.

You're doing better than most people.

Same here.
I suppose it depends where you live, though.

>caring about house

my family made 14k on a good year and we lived a comfy middle class lifestyle

>networth
>not being financially smart and stable

You can have 50k USD and be rich in some 3rd world shithole

>poverty tier
$0-30,000
>upper middle class
$50,000-75,000
>entry level rich/nu rich
$1,000,000-3,000,000
>rich
$8,000,000-20,000,000
>fuck you/does it even matter
$20,000,000-500,000,000

What fills that gap between 75k and 1mil?

probably debt. there is a huge difference between income and actual assets.
that tier often has crippling debt

What about 30-50

fuck off faggot

>What does your net worth have to be too be considered rich?

What kind of cars you mean? There's a lot of relative points of view as to rich enough for so many cars. Rich > wealthy > upper middle class > middle class > lower middle class > working poor > poor > very poor > homeless. During the USA presidential election, Mitt Romney said that you were middle class up to an annual salary of 2M (two million per year before taxes but not counting other compensations). He got a lot of flak for that but to his credit, he actually stuck to it and justified that line of thinking. So, that is how the wealthy politicians think I guess. They live in their own world separated from the rest of us by the growing gulf between the Wealthy and Not Wealthy.

But to a homeless person, what is rich? You have an annual salary of 50K per year? So it is relative as to what you mean by rich with regards to owning cars.

I live in a usa county (not country) with 2.1 million residents. The median household income is 73,000 annually. The next door county has 1.8 million residents with median household income 70K. The county to the south with 1.6 million residents has median household income 68K. Seeing that, Mitt Romney's observation of 2M annual for the upper middle class is quite acceptable. My county has 52% of its working adults with a college degree (AA or better).

When you complain about not having enough money and start doing tax evasion that means you're rich

theres no line. its a never ending race with no winners, just people to be envious of and people to gloat to.

Surprisingly profound for Veeky Forums.

making 75k annually with a family in NYC makes you middle class senpai.

My dad makes 200k a year is barely upper middle class

Inu is a retarded faggot that pretends to be rich but can't afford to insure and register a financed 30k car

im actually from /b/

I make 70K and I feel poverty tier

Not sure how it is in the US, but as for here in the UK, I'd say the scale is the following, if we're talking about annual gross income. (Individual, low debt.)

£0-10,000 - Poor/Poverty
£10,000-22,000 - Lower Working Class
£22,000-30,000 - Working Class
£30,000-40,000 - Lower Middle Class
£40,000-60,000 - Middle Class
£60,000-80,000 - Upper Middle Class
£80,000-100,000 - Lower Upper Class
£100,000-150,000 - Upper Class
£150,000+ - "Rich"

Of course, it's all entirely relative, and dependent on your individual circumstances. I mean, if you earn £75k a year with zero debt, you're taking home over 4k a month, easily enough to live a nice, luxurious lifestyle anywhere other than London, whereas if you have a £300k mortgage and credit cards out the arse, your lifestyle will be much more restrictive.

I reckon £150k+ a year is a reasonable "rich" level, since at that point you're taking home 7.5k a month at worst, and in a position where you could start to explore legal tax avoidance in some ways. It's not supercar territory, but other than large purchases, you're pretty much free to live however you like.

Of course, if by "rich" we're talking about being able to buy several properties and any car that takes your fancy, we're looking at £500k+ per year territory.

Personally, my idea of "rich" is being, to all intents and purposes, free to do what you want without worrying about the expense.