What's rich? $150K, a new poll says
What's rich? $150K, a new poll says By: MJ Lee December 8, 2011 05:31 PM EST
How much does the average American need to make per year to feel rich? $150,000.
In a new Gallup poll Thursday, people were asked an open-ended question about how much annual income they would need to earn to consider themselves rich and $150,000 was the median answer.
Gallup noted, “The question of who is ‘rich’ in the United States has been frequently discussed during the past few years as the nation’s policymakers debate income-tax and deficit-reduction policies. Additionally, the Occupy Wall Street protests have focused their attention on the wealthiest 1% of Americans. The poll results suggest Americans would need quite a bit less than what the wealthiest 1% of Americans earn to consider themselves rich.”
Here’s the poll breakdown: About one out of four people, 23 percent, said earning between $100,000 and $150,000 per year would be enough for them to feel rich, while 12 percent said an income between $60,000 and $99,999 was plenty to consider themselves wealthy. Almost one out of five people, 18 percent, said making less than $60,000 would be enough to feel rich.
And for about half of the people surveyed, 47 percent, anything less than $150,000 just wasn’t enough to cut it.
According to the poll, 18 percent of the people surveyed said they needed to make something between $150,001 and $299,999 annually to feel like they were rich, while 14 percent said they considered an yearly income that feel between $300,000 and $999,999 to consider themselves wealthy.
(Excerpt) Read more at politico.com ...
What's rich? $150K, a new poll says By: MJ Lee December 8, 2011 05:31 PM EST
How much does the average American need to make per year to feel rich? $150,000.
In a new Gallup poll Thursday, people were asked an open-ended question about how much annual income they would need to earn to consider themselves rich and $150,000 was the median answer.
Gallup noted, “The question of who is ‘rich’ in the United States has been frequently discussed during the past few years as the nation’s policymakers debate income-tax and deficit-reduction policies. Additionally, the Occupy Wall Street protests have focused their attention on the wealthiest 1% of Americans. The poll results suggest Americans would need quite a bit less than what the wealthiest 1% of Americans earn to consider themselves rich.”
Here’s the poll breakdown: About one out of four people, 23 percent, said earning between $100,000 and $150,000 per year would be enough for them to feel rich, while 12 percent said an income between $60,000 and $99,999 was plenty to consider themselves wealthy. Almost one out of five people, 18 percent, said making less than $60,000 would be enough to feel rich.
And for about half of the people surveyed, 47 percent, anything less than $150,000 just wasn’t enough to cut it.
According to the poll, 18 percent of the people surveyed said they needed to make something between $150,001 and $299,999 annually to feel like they were rich, while 14 percent said they considered an yearly income that feel between $300,000 and $999,999 to consider themselves wealthy.
(Excerpt) Read more at politico.com ...
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