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When you think about what it means to be rich, specific images may come to mind. Perhaps you imagine someone on a yacht wearing a Rolex while enjoying champagne and caviar.
But when you try to define what it means to be "rich," the concept becomes more abstract; there's no set dollar amount or single physical ******* et that definitively makes you rich.
In fact, whether or not you're considered rich is largely relative to the value of your income and ******* ets when compared to the wealth of other people around you. For example, when determining if your salary qualifies as lower or upper income, The Pew Research Center considers how much you earn in comparison to people living in your area with the same family size.
Read more: These are the 10 wealthiest states in the U.S. by income
#disclosure #rolex #Research #center
When you think about what it means to be rich, specific images may come to mind. Perhaps you imagine someone on a yacht wearing a Rolex while enjoying champagne and caviar.
But when you try to define what it means to be "rich," the concept becomes more abstract; there's no set dollar amount or single physical ******* et that definitively makes you rich.
In fact, whether or not you're considered rich is largely relative to the value of your income and ******* ets when compared to the wealth of other people around you. For example, when determining if your salary qualifies as lower or upper income, The Pew Research Center considers how much you earn in comparison to people living in your area with the same family size.
Read more: These are the 10 wealthiest states in the U.S. by income
#disclosure #rolex #Research #center
24 hours ago
