AFCPF: How Do You Define Rich and Poor? And How Do You Define Poverty?Quicklink submitted by E. J. Nunn Permalink
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|If you define rich as having enough income to afford a fairly decent lifestyle in homes where all members of the household sleep in their own beds and have enough to eat, reliable transportation, adequate health insurance and all the other things the enable them to live relatively comfortable lives, then between 50 and 60 percent of Americans are rich. However, if you define rich as having a household income of at least $250,000 per year, then only ten percent of the American population qualifies. And if you define rich as having a household income of at least a $1,500,000 per year, then only ONE percent of the population is rich and 99 percent of Americans are not rich. And, by ANY definition, about 40 percent of Americans are poor and about 20 percent are poverty stricken.|
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