Gallup Poll Defining “Rich” Americans

As our nation’s elected officials debate over future taxation, much discussion has occurred regarding higher taxes for the rich.  A recent Gallup poll from Nov. 28 to Dec. 1 reveals an interesting mixed opinion of Americans as to who is “rich.”  The results, as seen here indicate Americans’ perception that a median annual income of $150,000 is considered rich.  These perceptions are notably different from the publicized discussions to increase taxes for [rich] taxpayers earning more than $250,000.  A similar Gallup poll from 2003 revealed Americans’ opinion that a median of only $120,000 would define someone as rich.

This recent poll also concluded that someone with a median net worth of $1 million (no change from the 2003 poll results) is considered rich.

Do you wonder how your household income and/or wealth compares with other taxpayers?  A fun calculator can be found on the Wall Street Journal’s website.  Click here.


The information in this material is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements. The information does not attempt to examine all the facts and circumstances that may be relevant to an individual’s financial needs. Payne Wealth Partners, Inc. is not soliciting any action based on these statements.

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