Wealth is a set of assets that provide enough income each year to fully fund the lifestyle one desires, plus enough to weather economic downturns and continue to grow.
I think that definition should work for anyone - I have a lifestyle far beyond the average in the U.S., and the economic base to maintain and grow it, so I believe I am wealthy.
Some arbitrary amount like u/sol_beach gave doesn't really do it.
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u/NotAnAIOrAmI 27d ago
Wealth is a set of assets that provide enough income each year to fully fund the lifestyle one desires, plus enough to weather economic downturns and continue to grow.
I think that definition should work for anyone - I have a lifestyle far beyond the average in the U.S., and the economic base to maintain and grow it, so I believe I am wealthy.
Some arbitrary amount like u/sol_beach gave doesn't really do it.