Do you consider a family that makes >$100,000 wealthy?

[chellt]

That would be over double of my income, so yes, I consider it wealthy in my area/situation. But I am a teacher, so I will never make that!!!

 

[Dawnlight]

No way. Greater Boston area, family of 8- $100,000 does not a wealthy person make.

 

[Mizzoufan]

Yes, I would

 

[CdnCarrie]

Nope where I live that would be very middle class.

 

[Allison]

No, not wealthy no matter what area of the country they live in.

 

[Kitty 34]

Around here we would consider that middle class, not wealthy at all.

 

[Art 1]

And what would you consider $15,000 a month to be? That's what a buddy of mine pays to his ex wife for alimony, until he retires.

 

[mjkacmom]

That would be over double of my income, so yes, I consider it wealthy in my area/situation. But I am a teacher, so I will never make that!!!

We have lots of teachers here making over $100 - teach in NJ!

 

[Art 1]

We have lots of teachers here making over $100 - teach in NJ!

Several states do. But not the one the poster lives in. That's why he/she made that comment.

 

[mjkacmom]

Several states do. But not the one the poster lives in. That's why he/she made that comment.

My point was that some states do pay teaches pretty well (I know some do not).

 

[cybrkitn]

No. Especially if that $100k is gross and not net. DH has just recently hit the $100k mark and we are struggling. When his gross was in the $90k range, it worked out to be about $60k range in net pay after the taxes and the cost of medical insurance was taken out. We are also paying back both our student loans as well as paying back money he had to borrow from his retirement (which is automatically taken out of his check to pay back). We don't live in NYC, but we do live out on Long Island, NY, where the cost of living is still high.

 

[fly girl]

I'd consider it comfortable, but not wealthy. Upper middle class.

To me, being rich/wealthy is where your money works for you -- not you working for your money.

At $100K you're working hard for your money.

 

[FlightlessDuck]

If I lived in a third world country, I'd think a family making $40,000 a year wealthy. In San Francisco, making $100k a year means you could probably live in the city instead of commuting.

Context is everything.

 

[eliza61]

compared to who?
Yes compared to 3rd world countries.
A solid no, in the US.
I know this sounds awful but I seriously wonder how families with an "median" salary make it.

 

[Jdbsfw]

Not even close.

 

[Minnesota!]

Wealthy? Not a chance. Comfortable? Should be (in most locations..).

 

[Gracie09]

where I live that's barely comfortable. Its one of the reasons DH and I are considering a move in a few years. We have some obstacles that we have to work out before moving out of state

 

[Mickeyluver37]

6 figures always seemed like so much money until we made it. Now , it doesn't go nearly as far as you would imagine.

Yep! This! I know when we were a young family with only 2 kids 15 years ago, I would have thought we'd be rich or at least solidly comfortable with what we are making now. But alas, we are still "poor."

 

[Bec3b1g]

My definition of wealthy would be top 1% income by state. Or, a family with 5 mil+ in assets.

A person who makes 100k a year may be wealthy, IMO, if they have other assets.

 

[ShirikiUtundu]

No.......I would not consider a family making $100 000 a year wealthy, no matter where they lived and even if that family only had one child.

I agree with this.