Rich or Poor?

Discussion in 'Current Events' started by spectrumc01, Apr 8, 2011.

  1. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    What do you consider Rich and what do you consider Poor?

    I consider any household making more than 100K a year to be rich.
    I consider any household making less than 25K a year to be poor.
    I consider any household making between 50K - 99K a year to be middle class.
    I consider any household making between 26K - 49K to be the working poor.
    I consider a household to be two parents and two children.


    I see alot of references to rich and poor, and these terms seem too vague. I was wondering what everyone considers rich or poor to be.
     
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  2. Ringel05
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    Ringel05 Diamond Member

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    You obviously don't live in my neighborhood.
     
  3. R.D.
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    R.D. Gold Member

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    Depends on too many variables in my opinion to make any blanket statements

    - how many in household, cost of living in area, education choices , duel income vs single income, additional expenses, modest vs keeping up with the Joneses etc...
     
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  4. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    Perhaps not, I live in a small rural community, that is mostly a tourist spot for golfers. Where the distinction of those who have and those who have not is blatantly obvious, and far apart.
     
  5. waynefromaitkin
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    waynefromaitkin Rookie

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    a general question: I have to ask, as a democrat, why do you think that Oil subsities, off shore tax havens for corporations, tax cuts to millionairs and billionaire , be the holy grail in have no cuts in the budget talks. Heck, shut her dow, Democrats need some back bone.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    A decent wife and 4 happy healthy productive kids.
    Money is overrated.
     
  7. tigerbob
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    tigerbob Increasingly jaded.

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    There are plenty of people who work and bring in less than $25k. And plenty who make over £100k that aren't rich.

    If the terms rich and poor are vague, it's because everyone's circumstances are different.

    Someone earning $49K a year can have more disposable income than someone earning $100k, but your categorization would have the latter pigeonholed as rich and the former as working poor.
     
  8. Iridescence
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    Iridescence BANNED

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    This is our life exactly. It is one thing to be financially 'breaking even' and yet have everything that money cannot buy or provide and quite something else to be financially 'set up for life' and yet be empty. Granted, it is one extreme verses the other, however, all too often I have found it to be the case. It seems money can be one of the most effective distractions from relationships. It empowers, for sure, but sometimes that type of individual empowerment is out of balance and not productive for the overall status of the potential commitment of a union such as marriage.
     
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  9. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    The terms rich and poor and the money equivilent has been brought to the surface in my life, as now my family is going through the financial turmoil of sending a child to college. This process is a nightmare. Nothing like having someone tell you, you make too much money or have too many assets to recieve assistance. A shame that a smart child with a bright future is denied a great education because they simply can't afford it.
     
  10. Si modo
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    Si modo Diamond Member

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    Rich is relative/subjective. Poor is, too. Those who are below the poverty level here, have a king's fortune in much of the rest of the world. But, the world is catching up to us. It's a Progressive thing, though. Progressives - the great equalizers to mediocrity. :woohoo:
     
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