Defining ‘Rich’

At the Upshot, Lynn Vavreck, a professor of political science at U.C.L.A., discusses a survey she did in which she asked respondents how much income their household needed to earn to be considered “rich.” It turned out that the “I’d be rich” number increased with the rise in income:

This is, perhaps, unsurprising. Based off our discussion of if money buys happiness, we know that it makes more of a difference to you if you’re going from a low-income household and into the upper classes.

As for me, I live a pretty comfortable life on a sub-six-figure income. I imagine having a household with $293,000 would feel pretty rich to me.

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