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I have observed the most common definition of rich is more than I earn. Why do people with higher incomes avoid saying they are rich?

After looking up the percentile income numbers I decided rich is something in the range of $100,000 from my view point.

Personally, I don't consider income to be the determination of whether someone is "rich". Rich to me is measured by accumulated assets/wealth. If you have enough assets to support $100k+ in annual spending indefinitely, yeah you're rich.
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