The WSJ breaks down the numbers of what it takes to be wealthy in the USA:

“The top 1% of U.S. households have a net worth above $6.8 million or at least $521,000 in income, according to data from the Federal Reserve and the Tax Policy Center in Washington. The cutoffs for the top 5% are $1.9 million in net worth, or $209,000 in income.”

Those are higher numbers than I previously had seen  . . .

 

Source:
Baby, You’re a Rich Man
LAURA SAUNDERS
WSJ, December 28, 2012
http://online.wsj.com/article/SB10001424127887323300404578205502185873348.html

Category: Wages & Income

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

32 Responses to “What is “Rich” in America?”