Comments | jpmassar: What Does it Take to Be Rich?

jpmassar

What Does it Take to Be Rich?

Dec 10, 2011 09:10

A while ago I had two polls on what it takes to be considered rich. Now Gallup has stolen my idea taken two very similar polls, one on income and one on assets.

According to Gallup, the median income level people thought constituted rich was $150,000, and the median amount of assets was $1,000,000 ( Read more... )

poll, rich, occupy wall street, economics

Comments 6

rmd December 10 2011, 17:18:36 UTC

The gallup link isn't correct.

jpmassar December 10 2011, 17:45:02 UTC

Fixed. Thanks.

prock December 10 2011, 17:45:07 UTC

I suspect that your poll was skewed by the geographic distribution of respondents. If you normalize by "median income" of the nation and of the respondent, you may find more concordance.

jpmassar December 10 2011, 18:08:50 UTC

And skewed by education. The Gallup median is $200,000 income for college graduates and half that for non.

kalimac December 11 2011, 05:50:51 UTC

At one time we had a household income that approached the number in the Gallup poll. That still wasn't enough to buy a house around here. But did I feel well off? Pretty much. Could we have afforded to pay slightly higher taxes? Yes, we could have.

whipartist December 11 2011, 05:56:58 UTC

And if you took that poll in, oh, let's say Uganda...