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|Subject: Re: What $$ = Rich or Wealthy??||Date: 8/13/2001 5:08 PM|
|Author: Aljo||Number: 7262 of 19521|
You asked When financial and tax "experts" refer to the rich or wealthy as in statements such as "this will only affect the rich" or "this only pertains to the rich" or "only the wealthy will be affected", exactly who are they talking about?
You have already received some interesting responses to your question. However, it reminded me of a column by Scott Burns in the Dallas Morning News. That column did not answer your question, but it provided some hard data on the rich and wealthy.
I could not find the link to it because it is a little dated (June 4, 2000), however, I did save the “Distribution of Wealth” table that was published with the article. He took his data from the VIP Forum. It represents the required net worth of U.S. households in order to fall in the listed percentiles. The values in the following table (arranged by age of senior member of the household) are expressed as thousands of dollars - Interesting numbers!
Age Top 1% Top 5% Top 10% Top 25% Median
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