[13b9f227ecf0]

To put it into perspective here's Felix Dennis's wealth classification table:

  £1m-£2m:         The comfortable poor
  £2m-£5m:         The comfortably off
  £5m-£15m:        The comfortably wealthy
  £15m-£40m:       The lesser rich
  £40m-£75m:       The comfortably rich
  £75m-£100m:      The rich
  £100m-£200m:     The seriously rich
  £200m-£400m:     The truly rich
  £400m-£999m:     The filthy rich
  More than £999m: The super rich

http://www.businesswings.co.uk/articles/Felix-Dennis

[tptacek]

Felix Dennis is trolling you.

[sliverstorm]

To be clear, this table is considering those with £1m-£2m in assets to be the poor?

[csomar]

I read his book and if I got it right, he mean the poor rich.

[sentiental]

More that, if you were to never work again (and factoring in some reasonable age starting point) you would be able to live a lifestyle that matches someone who has a lower paying job.

$2M/30years => $66k/y.

[cm2012]

What percentage of people have over $1,000,000 worth of wealth? I've lived in NYC all my life and I would guess for most people their biggest source of wealth is nothing or their house, generally worth under a million.

[mmanfrin]

House in NYC under a million?

[13b9f227ecf0]

Well, most people are serfs, and poor. I don't think you can define "rich" as a population proportion. In a lot of places in the world 100% of people are poor. I don't think it's unreasonable at all to say people with less than $4 million USD are poor. Anything less than that and you're probably still well stuck in the rat race. One catastrophe away from ruin.