I think alot of it depends on where you live. My wife and I (with 2 kids) could live comfortably here in Massachusetts on $250k. But, that is mostly because I bought a burnt out heap of ruins, built my own house, and got it all for under $100k. People who have bought the same size house at that time were getting $250k mortgages. It's alot harder on them to get by. I think most people in the suburbs could get by on that but in or near the cities it's ridiculous to buy a house. So, to me, on average, $250k is not "rich". To me, rich implies that you can buy a house that more than fits your needs and afford another place somewhere on a lake. Something like that. When a certain politician (Obama) says, that if you're making over $250k you should help out the "less fortunate", what he really means is he's going to take away your money and give it to people who don't want to work for it. You won't have a choice because government knows best. Helping the less fortunate is a personal choice that each of us must make on his own. If you hadn't figured it out, I'm really against penalizing people for succeeding. We shouldn't reward people who don't want to put effort into life with other people's money.

 

If I made that much a year, I'd say I was at least very well off, if not rich.

And if we get socialized medicine, I don't think the funding will all be coming from people that make over 250k a year.

 

Id say thats rich, or very close. I like having a bunch of rich people around. The more the merrier. I havnt worked for a poor person yet.

 

That's around 5k a week! [img]i/expressions/face-icon-small-shocked.gif[/img] My poor *** thinks that is rich...bitch! [img]i/expressions/face-icon-small-wink.gif[/img]

 

There is people who make 250k/year but are credit card spend alolics who have less money on hand the a person making 70k/year but have there act together.

 

This all depends on what you precive as RICH! [img]i/expressions/face-icon-small-wink.gif[/img]

 

TLC, I have seen that before too. It's a shame that we, as a nation, don't save like we used to. As I said before, I think alot of it depends on where you live. The biggest expense is housing. I could have been in the bracket with my wife's income to make the kind of money we are talking about. We would have been very well off at this point and would have probably paid off our mortgage and be in the place to start thinking about a place by a lake or up in the woods. Unfortunately, I fell down a set of stairs helping a friend move and hurt a vertabrae in my back. Up here I can easily make $50 an hour doing carpentry. Oh well... We'll see what happens. On my wife's salary we are losing about $10,000 a year going into savings. It's a good thing we did save.

 

Depends completely where you live!!! That salary would barely pay the rent in New York City or West LA.....

Thing is, once you leave the areas where one can find high paying jobs, the cost of living goes way down, but so do the salaries. So, it is all relative!!! Most places you go, the cost of living is related to the type of salaries that you can make in that area.

So, this just points out how bogus this class warfare thing is! A guy making $250K in NYC, is no better off than a guy making $25K in Redneckville Missouri.....yet Obama wants to tax the guy making 250 and not the guy making 25. It's not fair, plain and simple!!!