How much money makes a person rich? - Page 2

SUBMAN1 · 08-18-08, 05:10 PM

http://www.reuters.com/article/polit...46364920080818

Latest debate between the pres candidates.

I'd have to say, $1 Mil is not a rich person. I'd go as far to say that I disagree with both of their assesments. I'd say $10 mil to $50 Mil makes a person rich.

It 'used' to be a millionaire was incredibly rich. Now we have entered the age of the Billionaires!

I guess it has a lot to do with demographics too. If you live in Seattle, being a multi-millionaire is normal. Cali, same thing. Its almost to the point if you own a house, you fall in this catagory in these places automatically. What most people forget is though, it costs a lot more to live in a place like this, so people automatically make more money to compensate.

-S

08-18-08, 05:10 PM	#1
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	How much money makes a person rich? http://www.reuters.com/article/polit...46364920080818 Latest debate between the pres candidates. I'd have to say, $1 Mil is not a rich person. I'd go as far to say that I disagree with both of their assesments. I'd say $10 mil to $50 Mil makes a person rich. It 'used' to be a millionaire was incredibly rich. Now we have entered the age of the Billionaires! I guess it has a lot to do with demographics too. If you live in Seattle, being a multi-millionaire is normal. Cali, same thing. Its almost to the point if you own a house, you fall in this catagory in these places automatically. What most people forget is though, it costs a lot more to live in a place like this, so people automatically make more money to compensate. -S __________________