Jump to content
Washington Football Team Logo
Extremeskins
Forum Rules and Guidelines

NYT: Are You Rich? This Income- Rank Quiz Might Change How You See Yourself

Bozo the kKklown

By Bozo the kKklown
in The Tailgate

Recommended Posts

Destino

Destino

Posted
Posted

Too much is made of income from primary occupation when we discuss “the rich.”  If you’re working 60+ hour weeks to scrape in six figures that are all gong out to bills almost as fast as you earn them... you’re not rich.  I don’t care where you rank in terms of income.  You’re a bad month away from being broke.  People like this aren’t the ruling class.  

 

Wealth, or rich, is imo more a question of net worth, assets, and how much income is produced by those assets.  

 

Link to comment
Share on other sites
PleaseBlitz

PleaseBlitz

Posted
Posted
4 minutes ago, Destino said:

Too much is made of income from primary occupation when we discuss “the rich.”  If you’re working 60+ hour weeks to scrape in six figures that are all gong out to bills almost as fast as you earn them... you’re not rich.  I don’t care where you rank in terms of income.  You’re a bad month away from being broke.  People like this aren’t the ruling class.  

 

Wealth, or rich, is imo more a question of net worth, assets, and how much income is produced by those assets.  

 

 

Yep.  This quiz says I'm rich.  It does not ask about my student loans or if I have a kid, and therefore has no clue of my financial situation.  

Link to comment
Share on other sites
twa

twa

Posted
Posted
3 minutes ago, PleaseBlitz said:

 

Yep.  This quiz says I'm rich.  It does not ask about my student loans or if I have a kid, and therefore has no clue of my financial situation.  

 

Or your liquor tab. :pint:

Link to comment
Share on other sites
Destino

Destino

Posted
Posted
29 minutes ago, China said:

Not rich according to that, but then my house is paid off and I'm retired at age 53, and my son's Ivy League college tuition will be paid for with him incurring no debt.  I'll take it.

See now this is what I was talking about.  When it comes time to eat the rich, it just won't be right if PleaseBlitz is consumed while China is left to lord over everyone with his early retirement, paid off house, and fancy debt free ivy league children.  

Link to comment
Share on other sites
tshile

tshile

Posted
Posted

The income you entered is higher than more than 95 percent of earners in your area and in your age group. Based on the threshold you set for what constitutes a rich income,

 

You might be rich — but we can’t say for sure.

 

 (The income you entered is definitely in the top 5 percent, but we can’t be certain if you’re in the top 1 percent for your metro area, age group and income type. The Census Bureau generalizes the income of the highest earners to protect privacy).

 

it should have also asked net worth. I would have like to seen where that puts me. 

 

I chose top 1% for my definition of rich. I didn’t put much thought into it though. I also chose the dc metro area, not sure if that’s the right one but it’ll do. 

19 minutes ago, Destino said:

See now this is what I was talking about.  When it comes time to eat the rich, it just won't be right if PleaseBlitz is consumed while China is left to lord over everyone with his early retirement, paid off house, and fancy debt free ivy league children.  

 

No that’s exactly how it should be

 

he deserves being consumed

she doesn’t 

Link to comment
Share on other sites
China

China

Posted
Posted
26 minutes ago, tshile said:

The income you entered is higher than more than 95 percent of earners in your area and in your age group. Based on the threshold you set for what constitutes a rich income,

 

You might be rich — but we can’t say for sure.

 

 (The income you entered is definitely in the top 5 percent, but we can’t be certain if you’re in the top 1 percent for your metro area, age group and income type. The Census Bureau generalizes the income of the highest earners to protect privacy).

 

it should have also asked net worth. I would have like to seen where that puts me. 

 

I chose top 1% for my definition of rich. I didn’t put much thought into it though. I also chose the dc metro area, not sure if that’s the right one but it’ll do. 

 

No that’s exactly how it should be

 

he deserves being consumed

she doesn’t 

 

She?

Link to comment
Share on other sites
CousinsCowgirl84

CousinsCowgirl84

Posted
Posted
2 hours ago, PleaseBlitz said:

 

Yep.  This quiz says I'm rich.  It does not ask about my student loans or if I have a kid, and therefore has no clue of my financial situation.  

 

It just tests what percentile of income you make vs what percentile of income you think is rich.  I was rich then I wasn’t.  

Link to comment
Share on other sites
tshile

tshile

Posted
Posted
1 minute ago, TD_washingtonredskins said:

 

Is there a place to look for that? I'd love to see how I stack up with my net worth at my age. 

 

I don't know to be honest. I've always used general definitions like the one I found on wikipedia from the US bureau of labor statistics 

 

 

Link to comment
Share on other sites
Corcaigh

Corcaigh

Posted
Posted

The only definition of rich that matters ... from Charles Dicken's David Copperfield ... The Micawber Principle: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

 

 

9 minutes ago, TD_washingtonredskins said:

 

Is there a place to look for that? I'd love to see how I stack up with my net worth at my age. 

 

https://dqydj.com/net-worth-by-age-calculator-united-states/

Link to comment
Share on other sites
Corcaigh

Corcaigh

Posted
Posted
2 hours ago, PleaseBlitz said:

 

Yep.  This quiz says I'm rich.  It does not ask about my student loans or if I have a kid, and therefore has no clue of my financial situation.  

 

It's telling you to have your kid take on your loans and then disown the kid.

Link to comment
Share on other sites
twa

twa

Posted
Posted
1 minute ago, tshile said:

i'm 98 percentile for net worth

 

we've done really well with our money so it makes sense we'd be higher on net worth than income.

 

 

I've done pretty well with our money, the wife on the other hand apparently thinks spending it is a full time position. :pint:

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...