The Amount Of Money You’ve Got To Make For Others To Consider You Rich Is Less Than You Think

millennials think they'll be millionaires


Money makes the world go ’round, right? Of course it does. We all want more money, but, in a lot of cases, we don’t have a damn clue about how to make it. But don’t fret if you’re not bringing home a salary similar to your buddy who’s working at some fancypants law firm, because, as it turns out, you’re, presumably, doing just fine — at least in the eyes of most people.

Thanks to a survey from YouGov, which asked Americans to reveal the levels they most associated with wealth or poverty, we have an idea as to what threshold is and isn’t considered rich or poor. And, for those of you who are down on yourself for “only” earning somewhere in the $50,000 to $65,000 range, you shouldn’t be so hard on yourselves, because you’re actually looked at as one of the lucky ones.

That’s because, per the aforementioned survey, 66 percent of respondents believed that anyone who falls into the income brackets between $40,000 and $80,000 were considered “neither rich nor poor,” but, instead, somewhere in the middle. So you’re doing OK for yourself in the eyes of other people.

As for what Americans consider to be rich, so to speak, the survey revealed that anyone earning an annual salary of $90,000 or higher is considered to have such status. The results showed that 44 percent of respondents felt that the $90,000 threshold was wealthy, while 56 percent said that anything over $100,000 was their cut-off salary to be considered rich.

But what do those people earning at least $90,000 a year think? Well, only 9 percent of respondents making that much said that they were personally rich, so we all seem to have a different level of expectations here.

On the flip side, according to the survey, most Americans seemed to agree that anyone earning less than $30,000 per year are poor. When it comes to living in poverty, any annual salary less than $20,000 is falls into that category.

All this means is that, while we can be hard on ourselves for not earning as much as friends, family or colleagues, in the end, we should be grateful that we’re at least able to pay bills and, hopefully, have a roof over our heads. While we all want more money for our own reasons, assuming you’re in that middle-salary range, you’re doing just fine — so just keep on plugging away and stop comparing your salary to others.

(H/T The Ladders)

Nick Dimengo avatar
Nick's a Sr. Editor for BroBible, mainly relying on his Sports Encyclopedia-like mind to write about things. He's also the co-host of the BroBible podcast "We Run This," and can be seen sweating his ass off while frequently running 10+ miles around Seattle.