There have been so many posts today about the rich vs. the poor. I am curious to know what do people consider rich? I would also like to know what you consider poor?
The average household income in 2007 was $50,233 per year.
This is what is considered poor in the US. The number is family size.
Answer by Anonymous at 1:59 AM on Feb. 27, 2009
Answer by JuLiAnSmOmMy317 at 2:04 AM on Feb. 27, 2009
Answer by Magpie75 at 2:04 AM on Feb. 27, 2009
Answer by Aviators_Wife at 2:06 AM on Feb. 27, 2009
Answer by wallylicious at 2:08 AM on Feb. 27, 2009
Answer by hautemama83 at 2:09 AM on Feb. 27, 2009
Answer by Anonymous at 4:34 AM on Feb. 27, 2009
Answer by TeensMom07 at 6:41 AM on Feb. 27, 2009
Answer by TeensMom07 at 6:44 AM on Feb. 27, 2009
Its about where your values are. If I downsized, got a cheaper house. Sold my SUV. Took my kids out of private school. Downsized my cable bill. Tossed out my cell. Took the boys out of baseball, fencing, and drum lessons. Sold the PS3, Wii, and DS's. Sold all my tv's but one. I would be rolling in cash. We are a family of 6 (including my dad who lives here) We grossed around 85K between my husband and dad. But my husband and my dad are big spenders, love stuff, have debt to pay, so that money was worthless. But we pay our bills, its getting tougher because well work has slowed down, hours have been cut and our bills havent changed. At the rate we are going now if we stay this way all year, we will make much less, around 60k for 6, which still isnt horrible if I didnt have 1200 mortgage and a 500 dollar car payment :) You choose your situation. If we thought smarter, and spent less, we would all be better off.
Answer by TinasTribe at 7:41 AM on Feb. 27, 2009