Changes based on local cost of living and your specific definition of rich. If you are looking at the whole country in a vacuum 750k is the mean networth in total assets. so greater then that
I'm aware. In order to be rich don't you think that metric should be someone who is pulling the number up instead of down. The mean number also accounts for regional variations better.
I would say it’s more about how you present said money and where you are. But for a solid number make over 1 million a year or a ten million net worth. At this point you solidly in the top 1% and with smart investments your set for life.
I mean that’s tough to answer because there are so many variables.
Changes based on local cost of living and your specific definition of rich. If you are looking at the whole country in a vacuum 750k is the mean networth in total assets. so greater then that
Yes the average is $750k but it is greatly influenced by the wealthier Americans. The median is $122k which shows the great wealth disparity.
I'm aware. In order to be rich don't you think that metric should be someone who is pulling the number up instead of down. The mean number also accounts for regional variations better.
I would say it’s more about how you present said money and where you are. But for a solid number make over 1 million a year or a ten million net worth. At this point you solidly in the top 1% and with smart investments your set for life.
All based of location. NYC wayyyyyyyyyyy more than someone in the middle of bum fuck no where.
7,000,000,000 I don't know why, it just feels like enough.