What level of income is considered to be socioeconomically rich nowadays? Why
a million dollars per year is no longer considered socioeconomically rich?
I cannot really answer this, except it has to be a few billion the way things are going. I tried making that sum once and all depending on the income you can get on your savings for me to even live moderately comfortable I would need at least R24000!
Making in the high eight figures would be the starting point of being rich. 1 million dollars per year ISN'T socioeconomically rich at all. To be moderately comfortable, one has to earn AT LEAST 200K per annum!
At least 200k per year to be moderately comfortable!? GM, I've learned from some of your questions in the past but this one is complete BS. I'm afraid you're alone with your opinion on this one. One can live comfortably on much less.
Not really,in many cities, one needs 200K to live at a modicum comfortable level.Things are QUITE EXPENSIVE these days. There's rent,education, travel, insurance, c'mon now..200K is solidly middle class while 120K is barely middle class THESE DAYS!
Maybe for a small percentage of the population this is true, but the average MIDDLE CLASS household income is less than 100k. So to say that 120k is BARELY middle class is to be ignorant of the actual numbers.
It is important to remember that the word "socioeconomically" is made from TWO words, i.e. socio AND economically.
Economics is actually very unimportant to get a "rich life".
Instead it is "socio" i.e. with whom you live (friends and family). It isn't how well and "fat" you live, but rather how "good" (in the true meaning of the word good) you live.
IF you want a "rich life", then forget about economics, and become social. ... If you do that, then the sufficient money will come to you on its own.
Why do you think 1 million per year is not good? And what things are expensive nowadays?
If you dream is to travel the world even $5000 per month will do the job and you can visit every country of the world. If you want to have a yacht of 150 meters and use it everyday than even $10.000.000 a month is not good enough.
Its purely subjective. Money hungry people will never be happy. If you are in top100 rich people you will always think "I want to have more than Bill Gates".
See, I work like 4-5 hours a day, I am a freelancer and work online. I earn pretty good. But I must say that I know some people who earn 5-6 times more than me but their life looks like this: 4 weeks per year they are on vacation and they still have to answer calls and be there for clients, the rest (I think 48 weeks) they just WORK WORK SLEEP.
So tell me, is their life more comfortable than mine? I am not under pressure, I can go on vacation anytime I like. If I am not in the mood I will not work next 3 days. Friend calls me to watch soccer game, I can go anytime. My life is not scheduled. So maybe I can't afford a $150.000 car but $10.000 car will make me happy to go to Hungary for a dinner whenever I want.
So to conclude, you are rich only if you have enough to reach your reasonable dreams!
by Grace Marguerite Williams 4 years ago
in fact, wealth is a positive thing which enhances and elevates one's standard of living? Do these people realize that wealth means more socioeconomic choices? When will they realize that being poor and struggling is an abnormal way of life, existing from day to day? ...
by IDONO 3 years ago
Do you have to be evil to be rich and successful?It seems like anyone that is successful is automatically scrutinized by media and the public in general as a person with a dark side. I realize it's next to impossible to be successful without stepping on someone along the way, but does that make you...
by H C Palting 9 months ago
Why are the wealthy often hated AND envied?
by Matthew Adams 3 years ago
Is it socially unacceptable or frowned upon to be successful these days?I hear talk about wealth redistribution and the evils of the 1%, so I ask, is it wrong to be successful these days? Do we need to be mediocre so as to not irritate others?
by Grace Marguerite Williams 15 months ago
Why are the socioeconomically wealthy are....HATED SO MUCH?
by Stump Parrish 3 years ago
The tax cuts that are being debated in Washington have been described as a jobs creating nessessity by the republicans. These tax cuts have been in effect for 10 years now and I have to wonder where all the jobs they created during their existence, have gone. Are we to believe that they will...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|