Let's start with “how do you define rich”? I can think of several ways.
- (1)It clearly depends on your perspective. If a steelworker or teacher or teamster had $3 million in the bank, they would think they were “In like Flynn,” a reference to Errol Flynn, the dashing movie star of the 1930s and 1940s.
- (2)For some folks, it would be more than they could ever spend. Likewise, note that some people can spend a whole lot, and the more you have, the more you spend. What were previously luxuries can quickly become necessities.
- (3)To be in the top 0.1% of households in the U.S. requires a net worth of $43,207,732. That sounds rich to me.
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Publication history
Published online: May 15, 2021
Received:
January 13,
2021
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