by 
kaykay
ANSWERS: 36
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In this day and age, in many parts of the country, not at all.
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Not if they have $200,000 in medical bills.
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Not if you spend $210K annually.
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No, just in a higher tax bracket!
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Very much so.
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Not if they are spending it all on toys or excesses that they don't need... untimately putting away less money than I do.
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I do, I have never made that in a year.
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Not at all. It's a decently high income, but it can't make one wealthy. Wealth is the accumulation of money. $200K won't let you sock away that much money.
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That question is a relative one. It depends on how much the government takes of that salary. It depends on where you live. 200K is worth much more in Fargo than in San Francisco. Finally, it depends upon your perspective in life. If you travel and see how the poor of the world really live--not the poor in the US--I'm talking the truly destitute on some parts of this planet, you would realize that even someone living here in this country on a modest $40,000 per year income lives like a KING compared to some people around the world.
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yes, despite your debts, if you are fortunate enough to make $200K a year, you are wealthy. according to the census bureau. in 2007 the median annual income of an american family was $50,000
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According to Al Gore, it makes you a "millionaire" since you would have earned a million over five years. Then we have the ever narrowing Obama wealth window. It started at $250K, then lowered to $200K, then Biden stilled the beans about $150K. I can imagine that Obama's fascination with the number $42,500 might soon be the defining factor. Ain't it nice being "rich"? ;-)
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Wealth is measured by the smile on your face, not the money in your wallet.
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I read this article somewhere it said it doesn't matter how much you earn-what matters is how much you Save and Invest. And that,it said, is possible when we take to "frugal living", saving every penny on wherever we can. Needless it is very hard and painful to do But it works! And I really vouch for that. I am sure earning more doesnt necessarily make us rich nor is it other wise.Its how we use our money that matters.
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Id feel wealthy if I earnt that much.
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It's not really how much you earn, but how much you save. A person who has a $200k salary but only saves $10,000 is not wealthier than someone who has a $100 k salary but saves $20,000.
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Do you realize that, if a person lives conservatively, a 200k salary could easily and comfortably support 4 people for a year? So, in this day and age, I don't know if that makes anybody wealthy but I do know that it would set me up for the rest of my life
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sounds good to me
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According to this site( http://www.globalrichlist.com/ ) a $200,000 salary puts the person in the top 0.01% of all incomes in the world. It says that person would be the 786,570 richest person in the world! (at least if you measure it by annual income)
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Not necessarily. It is an income that can provide a comfortable living for most families. Wealth is measured by a person's net worth, his assets subtracted by his debts or liabilities. If a person spends all his income, and does not save or invest, he doesn't build wealth.
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No.
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No but I don't think they're 'price checking' all that much either
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Certainly not by itself in any meaningful way. ;-)
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I would say no.
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No, after taxes, I would just call that "comfortable".
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Not necessarily. If that person that makes the 200K spends it as soon as he gets it, he wouldn't be wealthy. I.e. if he had a gambling problem and gambles all his money away. People can be wealthy on far less if they invest it properly. My uncle has two jobs: Safeway and driving the bus and has great saving habits and good money sense. My dad is a senior civil engineer but has several addictions that use his money up. My uncle owns three houses in hawaii, one for him, one for his girlfriend and one for his mom and he's got nice cars, nice clothes, and always has spending money and has the ability to retire right this second without any problems. My dad doesn't even have one house paid off and drives hand-me-down cars but probably has set himself up for retirement. So, someone making far less than $200K can make thier lives work out to be just as good or even better.
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It depends on what you owe, where you live and how you live.
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Thats before taxes and depending upon your lifestyle, what you live in and where and what you drive etc etc etc then that could be a good salary or a great salary or a pitiful salary.
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No. Unless you have gotten yourself in terrible debt that's enough to live comfortably on. What it does do is allow you to put more away for retirement, maybe a LOT more and that can be a very good thing.
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No. 100k is good enough! ;)
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Yes since I would live the rest of my life happy after working only 5 years then retiring.If they are greedy like most people are then no.They would scheme and cry and want more/more/more.
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If you look at the incomes worldwide, yes.
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200K makes you upper middle class but not rich. Remember a dollar today is only about 16 cents of what is was in 1971.
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It depends on your standard of living.
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Your salary doesn't make you wealthy, what you do with it makes you wealthy- unless, of course, you've inherited money.
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No. Wealth is not determined by what you EARN, its determined by how much of it you KEEP. Even so, wealth is not really about money, but about the love and joy in your heart.
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Of course not. One can easily over-spend such a salary.
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