this post was submitted on 18 Dec 2024
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What does it take in terms of assets, abilities, and/or income for you to consider them wealthy?

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[–] [email protected] 105 points 4 days ago (23 children)

Of course, rich is a relative descriptor, like tall or heavy, some people are richer than others.

I would call anyone who doesn't need to work in order to live (i.e. who can live off investments and interest) rich.

[–] [email protected] -4 points 4 days ago (17 children)

Are old retirees rich, then? I wouldn't consider that accurate.

If you're not pulling in upper 6 figures from those investments, you're still not rich.

[–] [email protected] 4 points 4 days ago (2 children)

Old retirees that don't need to work to live are rich, yes. If they can afford their rent and food and healthcare, they are doing better than 90% of humans on Earth.

[–] [email protected] 5 points 4 days ago (1 children)

No. Not being destitute doesn't automatically make you rich. Things are not black and white. There's a wide spectrum that is very flat until you get to the top 0.1%.

Bring in the top 10% doesn't mean much when the different between top 99 and top 90 is multiple orders of magnitude larger than top 90 to top 10.

[–] [email protected] 0 points 4 days ago

If your definition of "destitute" is having to work for a paycheck, you and I are not on the same page.

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