Here’s how much money Americans think they need to be rich. via CNBCMakeIt
What does it mean to be"rich" in America? It turns out, the answer is as much a matter of perception as anything else.
One takeaway from the poll is that the magical appeal of the nice round figure of $1 million appears to hold true, with more than one in four respondents saying that you have to earn at least $1 million a year to be rich. Here are the survey results broken down by age and gender. Across both genders and all ages, the most common response to the survey question is"$1 million or more."When you break down the results geographically, it becomes clearer that the myriad opinions on how much money makes you rich can vary by region and locale.
Nearby New Hampshire's answers were a tie between"$1 million or more" and"$10 million or more," and five of the top 11 states having the highest percentage of respondents answer"$10 million or more" are in the New England area. This could indicate that perceptions of wealth in the region are higher than the norm.
An incredible 12.82 percent of respondents answered"$10 million or more," meaning that they wouldn't consider someone making $9 million a year to be rich, a potentially surprising result given that $9 million a year would put you firmly in the top 0.1 percent of earners in the country. In fact, earning $100,000 a year means that you only qualify for the survey's lowest bracket and that some 88.3 percent of Americans wouldn't consider you rich.
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