• ampersandrew@lemmy.world
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    7 hours ago

    I’m not sure why so many people are down voting this. The only part I took issue with was what kind of salary Schreier said would make one rich versus middle class in an expensive city. I live in an expensive city, I don’t make anywhere near as much as some of the high salaries he cites, and those who do around me are certainly rich.

    • ZephyrXero@lemmy.world
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      1 hour ago

      People fail to realize how rich the 1% really are was his point. Even $500k per year still wouldn’t get you into that tier of rich.

      Johnny Harris made a good video about how far removed from regular society the real rich people actually are. https://youtu.be/PpyPB3BF-hQ

      • ampersandrew@lemmy.world
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        1 hour ago

        There are for sure tiers of how rich you can be. But when you’re beyond the point of financial stress and can at any time stop working for the rest of your life and not worry about making ends meet, I think most of us would call that rich. If you’re pulling in a quarter million per year, even in an expensive city, the slightest bit of sense with your money allows you to accumulate wealth so quickly that I think you qualify.