Is a motorhome "Only For The RIch"?
There is an article in the December issue of Motorhome Magazine on page 6 relating to a question they asked in the September issue asking the question. “Is it important to measure the cost versus b...
Forum Discussion
fla-gypsy wrote:
Words like "rich, wealth, and greed" are wholly subjective and have no tangible definition.
Maybe, but people still have ideas on what is takes to be "rich".
According to this NY Times article, the definition of rich changes with how much you make.
For example, folks who were surveyed making less than $25K a year, considered an income of $293K to be "rich". People who made over $120K thought it took an income of $501K.
Some info from the 2012 census . . .
- Only about 4% of US households earn more than $200,000 a year.
- Median household income is $51,000 a year.
- 25% of US households make less than $25,000 a year.
- But then there is that Top 1% incomes. It appears I'm headed South.
