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The Money Mustache Community
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Definition of 'Rich' Changes With Income -- NY Times
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Topic: Definition of 'Rich' Changes With Income -- NY Times (Read 2150 times)
dude
Handlebar Stache
Posts: 2369
Definition of 'Rich' Changes With Income -- NY Times
«
on:
June 18, 2014, 01:06:35 PM »
Interesting article:
http://www.nytimes.com/2014/06/17/upshot/definition-of-rich-changes-with-income.html?_r=0
I tend to take MMM's approach to this and consider it from a global perspective --hell yes, I'm rich. Then again, pretty sure that even by U.S. standards I'm rich.
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Tetsuya Hondo
Pencil Stache
Posts: 503
Location: 1960's Tokyo on the Bad Side of Town
Re: Definition of 'Rich' Changes With Income -- NY Times
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Reply #1 on:
June 18, 2014, 02:00:11 PM »
This author confuses income with wealth.
Otherwise, it's still interesting, although not surprising.
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Definition of 'Rich' Changes With Income -- NY Times