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What does it take in terms of assets, abilities, and/or income for you to consider them wealthy?

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[–] Alexstarfire@lemmy.world 12 points 1 week ago* (last edited 1 week ago) (4 children)

If you can basically do whatever you want and the cost is of little to no concern, you're rich.

[–] scrubbles@poptalk.scrubbles.tech 11 points 1 week ago (1 children)

Eh I'll adjust that a bit to "and you're not required to work 40 hours a week to do so". If you are living well and still working, then I'd still say congrats, but that's not rich, that's supposed to be the top end of middle class. (If it is anymore, well, who knows).

The big kicker is if tomorrow they lay you off, are you nervous or worried? Not rich then, the rich would shrug it off and take a few months or years off doing whatever they like. If your first thought when you get laid off is "how long will my savings last" or "I need to find another job", congrats! Not rich.

But if you don't need to work (or you're someone like a board member or executive who shows up for 10 hours a week and claim they "work", then no, your rich, you have enough were you don't have to work anymore.

[–] Alexstarfire@lemmy.world 1 points 1 week ago

I'm including that in the "whatever you want" bit.

[–] bluGill@fedia.io 4 points 1 week ago

There are very few people who feel this way. CEOs making millions per year feel like they need to work - their mansions, airplanes and such cost so much money they don't dare not work. It never occurs to them they could live like the rest of us.

[–] BastingChemina@slrpnk.net 1 points 1 week ago* (last edited 1 week ago)

My definition is rich is similar to that, a person that can go through it's day to day life without thinking about money is wealthy.

If you can go grocery shopping, buy the clothes you need, and maintain your house without having to make compromises because your budget is tight then for me you are rich.

[–] Professorozone@lemmy.world 1 points 1 week ago (1 children)

What if you don't have to work and you can fly to Europe for vacation without much worry, but you can't fly first class without worry?

[–] Alexstarfire@lemmy.world 1 points 1 week ago (1 children)
[–] Professorozone@lemmy.world 1 points 1 week ago

Ok, so not rich at that point.