How Much Income Is Considered Rich? (With Data)

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Title	:	How Much Income Is Considered Rich? (With Data)
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I hope this video was informative, let me know your thoughts - leave a comment below, I try to write back to everyone who comments in the first 30 minutes - 1 hour of the video release! So turn on your noti bell ;)
Comment from : @humphrey

Americans, on a global scale, are so fricken rich And so fricken spoiled It makes her great, globally, but makes her unnecessarily unhappier internally
Comment from : @socalstr

Income and net worth are different Who is richer, a person with a 100K salary with 100K in the bank or a person with 50K with 1,000K in the bank?
Comment from : @howellwong11

@humphreyyang you've excluded the trades from your upper middle class and upper class groups I know many contractors, electricians, etc who make between $100k-$200k a year Otherwise, great info
Comment from : @BMinquaGrl

7:07 totally agree!
Comment from : @racheee22

In So-Cal, 38M net worth and 300K income per year puts you in the middle of middle class
Comment from : @mikeg3439

Brown Sarah Hall Elizabeth Williams Sarah
Comment from : @MonroeAlva-f7r

One lesson I've learned from millionaires is to always put your money to work, no matter how small Even investing $100 per month can compound to tremendous wealth over decades The key is to keep going!
Comment from : @LivaHolst

9:40brWealth and income are two very different things mate
Comment from : @JonasIversen-ob7yr

O Humphrey! The aspiring middle class thinks in terms of income They don't grasp that the very rich do not have incomes They don't need them
Comment from : @jeremykeller211

What about people that has stopped working but have a wealth of $2,500,000 in What category will they be?
Comment from : @germancamacho3944

income vs net worthi'm sure you know better
Comment from : @chrisbible880

Okay it looks like i need to figure out how to go to the top five percent of my age bracket I think i will grow two money trees instead of one
Comment from : @mikeatback

generational wealth only works if you are very rich and setup a trust fund or what not I can see my money if i have any at death be dwindled away by the people that would get it as they are bad with money lol
Comment from : @TheRealTommyBear33

What about American making over 10 million a year
Comment from : @chinonsomichael9839

So, I’m just clarifying in my mind This is EARNINGS not netWORTH
Comment from : @TerryCollinsP31Lifestyle

Your health is your wealth! brWithout your health, you have no peace of mind, as a society, we should emphasize happiness/health/finding purpose vs the dollar sign
Comment from : @SE_the_ViewLOG

😊Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : @Brigh578

$250,000 annually is a reasonable goal for business owners That dollar is not necessarily what it reflected as income with the IRS That dollar is reflected on the wealth being accumulated Knowing financial statements and accounting is critical to managing money beyond just making it
Comment from : @joemurphy4517

300 million
Comment from : @heezmagnif

I started buying some more stocks at the beginning of the year, but nothing big Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person I am well aware of the costs associated with working more to get more money
Comment from : @nicolasbenson009

The accredited investor guidelines establish "rich" well in the US with a net worth exceeding $1 million, excluding primary residence, or an income of over $200k individually or $300k married for the previous two years plus expected for the current year
Comment from : @bonesandbells

That’s a lot of add breaks for a 13 min video
Comment from : @danielponder690

For me, big city trappings can get old quick and it can be super expensive Instead, if possible, live in a lower cost of living area and visit the larger cities when you want those attractions Additionally, those features will feel more special since you can't access them everyday and you'll be less tempted to spend away what little disposable income you might have by living in a high rent area
Comment from : @JasonTaylor-po5xc

Also, it’s more important that how much you can save ❤
Comment from : @michelle56704

Ordinary run of the mill Bsc in Ontario Canada and my income peaked out at $600k per year Much more important, I saved the money vs spending it, so no worries in retirement Whew!
Comment from : @user-od9iz9cv1w

Income does not make one rich Net worth does
Comment from : @Markrtsoon

It is VERY important to identify whether any of these income values are individual or HHI
Comment from : @markciocco2509

The numbers for top 10 seem about right to me I’m 65 - and not planning to retire anytime soon - yet my income continues to rise, at the rate of 5 per year
Comment from : @scottjackson163

Household stats make this really confusing because one household may be one person and another household five people Video would have been better if it was based on per capita
Comment from : @Legacy-Talks

12:43 I've found that to be true for gaining expernce and mastery as while I don't follow that methiod exactly I do enough stuff regulay to have gotten really good at them So to add you don't have to do just one thing but instead do something at that pace
Comment from : @GreenBlueWalkthrough

I need to be making 100,000 to feel rich and I am in sf That should be enough for all my needs plus renting a decent apartment and saving enough to get out fast
Comment from : @kevin10087

What is the individual income rather that household income?
Comment from : @philipknapke7529

Hey random question but are you Hmong?!
Comment from : @maxchang5581

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run
Comment from : @Rachelschneider03

I went to college , did everything I could I can’t find a job that pays well
Comment from : @pr23487

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore Are there really no other options for me to gain from the stock market?
Comment from : @Blitcliffe

It is crazy to see the jump in income I’m in the 1 now for 30-34 and I think I can maintain that but once 45-49 hits That’s a lot of money to earn!
Comment from : @prancingzebra9106

Hey got an idea for a new video, just researching cd’s on fidelity and there looks to be quite a few options, broker or bank , new issue or secondary, as well as cd funds, can you discuss each type and maybe go through making a purchase of the recommended type on fidelity, Appreciate your videos, Thanks for helping us financially challenged people
Comment from : @vxnova1

Hey Humphrey, can you discuss inflation and interest rates and when you see things going down? I'm still confused by all the terminology
Comment from : @queenofpents3442

Top 1 on 30 to 35 age but why I still can’t afford steak for every meal?
Comment from : @vibe_tube3634

They left out trade schools
Comment from : @TheLoneWolf

Acknowledgement and gratefulness for what we have, well said!
Comment from : @philippelarocque4207

Sheesh 🔥🔥
Comment from : @Jungernaut

Nice T-shirt
Comment from : @cathysheahan7036

The question I have is the statistics on educational impact on income The question is of causality: does higher education lead to higher income or are those who can afford to go to college -- as a group -- more likely to earn more anyway due to other factors?
Comment from : @dimitrikatsaros9212

This video is a bit confusing when you talk about individuals but links to household income
Comment from : @0xtakoyaki8

Why are we using household income instead of individual income? People shouldn't be comparing themselves to possible dual income homes
Comment from : @Runeblade484

I love your videos I’ll say I’m getting confused between “individual income” versus “household income” and comparing the two Maybe you are always referencing individual income in your videos tho
Comment from : @bywolves

Is this dual income household? Or single income?
Comment from : @armandoweckmann5699

On your first slide I'm pretty sure those are "household" incomes, not individual incomes
Comment from : @Maurice181

Hope I get into 80 bracket
Comment from : @MelfiortheOne

Wanna be in the 1, you're usually gonna have to be a little bit of a salesperson in some way Running a business, working on commission, representing a person or entity negotiating contracts Whatever it is, the most valuable skill comes down to convincing a few wealthy people to give you a lot of money or many people to give you a little money
Comment from : @randxalthor

Hey Great Video! I think you should make another video when new data is released 2019 data cannot be applied to 2023 Especially after the fed money printing I think top households make wayyy more today than what the 2019 data shows
Comment from : @TechTime111

Hi, Humphrey I retired in November of 2021 at age 60 in midwest, northern Illinois I didn't break the $100k point 'til 2017 The most I ever made from earned income was $128k But the final 11 months that I worked I made $108k of earned income from my job at a major utility & $400k gross from real estate investments I accumulated $18 million in assets in 401(k), Roth iras, rental properties & a very small farm I sold 1 property that made it possible for me to retire that same year Another large electric utility kinda told me to sell to them or they could take it from me by emminent domain I bought it in 1996 & had paid it off long ago So, I said, "Ok"br I only have a high school diploma & knew I would never afford college So, I went to work for a natural gas utility & stayed with them for 37 years I just knew that I had to make it past $1million in investments & not rely on a huge income because I didn't attend college I managed to pass that mark by a bit more
Comment from : @michaelhernandez2868

Really informative video, wonder what's it like being the Top 10 - 1 by age group in the top 10 US states by population
Comment from : @lonai319

I'm barely above survival Knowing these answers is sad
Comment from : @peacemaker9807

You are not only smart You are a good-looking man Thank you for this information
Comment from : @verychinnyapga1599

11:00 Wrong! That guy isn’t saying anything profound Anyone, including a business owner, can have lifestyle inflation and not save for retirement But if you make $300/hour you’re a fool if you don’t save and it’s totally within reach He’s just making that up I assure you “you can’t retire” is totally false and there’s zero logic at all to his statements The typical person making that level of income is absolutely building wealth by saving/investing Saying “just own a business bro” isn’t profound and plenty of businesses fail and owners go broke
Comment from : @yungrichnbroke5199

I have an associates degree and I’m on track to make at least $125k this year at age 28 I’m curious to see how associates degrees and trade schools rank in the mix It’s been a goal of mine for many years to make over 100k/yr, and this will be my first year over 100k!
Comment from : @309gti8

Is this personal income or household income?
Comment from : @yungrichnbroke5199

I make $634,000 per year I don’t feel rich I spend $160,000
Comment from : @carlyndolphin

What would be your recommendation for long term most aggressive highest potential growth portfolio?
Comment from : @RS-cl5wg

Looks like I'm in the top 5 for my age bracket Good to know
Comment from : @andrewthomas4976

remember the data can be skew the people who make 600k per year are a small percent of the population and the people who have higher education has a bunch of debt for that education
Comment from : @billlhooo6485

Being in Texas with a 140k salary I personally feel to be touching the rich feeling It is almost guaranteed for us to save at least $2k a month at a minimum even though we do not hold back too hard on what we do during the month I do believe that you don't always need to obtain a high level degree I only have a bachelors and work as a Controls Engineer To me the key if you do not get a graduate degree is to keep expanding your skills I primarily work with PLCs but still have learned how to use Python, C#, and various scripting languages because companies value having someone that can build tools that improve the efficiency of our every day tasks I run a small eBay business selling battery packs I do all of my own investing Never stop learning
Comment from : @TheJahnStead

We should get a top 10 excluding the top 1 This top percentile warps the whole chart it's so elevated
Comment from : @jona2726

If you want to know what the top 20 income is, it is just the average Meaning the top 20 earns 50 of all income The median income, meaning half of earners earns above and half below, is just half of the average Half the population earns less than half of the average income
Comment from : @penitent2401

I have a Masters degree and an income level of a fruit picker
Comment from : @porkbelly1144

I rather live in a small town in a red state, far from the crime and problems of a blue state and big city And do my work I love and my own boss and make my money go farther than in a city
Comment from : @zacknelson8918

Can you give the top 10, 5 and 1 percent numbers disregarding age
Comment from : @tejindersingh4154

I am 30 never went to college Graduated high school with a 24, I work full time my own business and I earn on average 6 figures easily,
Comment from : @zacknelson8918

Is this strictly for individuals, or for household incomes?
Comment from : @sdoolin87

Didn't you say household income and not individual income? Two very different things
Comment from : @RS-jd2py

I heavily recommend the Oklahoma City metro
Comment from : @dingusfinance8931

This is household income Not individual income That's why the numbers are high
Comment from : @davidnewton9857

We live in the land of plenty and for most it’s NEVER enough
Comment from : @EdA-bz3bu

Is this brutto income?
Comment from : @sereganorenko3380

As someone from the UK who is 38 and on £65,000 GBP per year which a very good salary here, the mind boggles!
Comment from : @AaronMatthews1985

i love the purple light coming from the other room!
Comment from : @girlyteengirl101

earning in US, spending in Thailand would be
Comment from : @newman9948

Thanks for the informative content Just want to clarify if these figures are gross or net?
Comment from : @ramlozano

My goal is more of a moving target I want to make the threshold to be considered an accredited investor every year For a single person i believe its 250k but im getting married soon so itd be 350k I do not care to make much more than that (on paper) but retain assets within my business/holdings company I'm going to school for CE but am currently a marketing manager I don't make a whole lot but in the industry I'm in with the connections i have i believe i could open my own office/franchise within a couple years And if that doesn't work ill have a CE degree to fall back on, my fiance is in school too be a nurse That should help too i suppose
Comment from : @spectreblack876

DiSfference 😂😂
Comment from : @ismetgurman7407

This is one persons income correct? NOT household?
Comment from : @fullgrain

Took me 30 years to get to top 10 at 50 in California Should’ve listened to mom Go to school!
Comment from : @mariormarin7514

It feels like you keep comparing 2 different things Household income vs individual income
Comment from : @felipealviso8564

This is net or gross income?
Comment from : @polivios13

Oklahoma City here 26, 0 debt $70k salary isn’t even enough to buy ANY starter home or condo in a suburb or metro area No idea how average income earners are surviving on the coasts
Comment from : @HudsonK23334

I feel glad to live in one of the nice countries Knowing that even though I'm not the richest, I already have a pretty decent life in the world and I shouldn't be complaining
Comment from : @1DiscipleDragon

I find the household vs individual definitions across these reporting agencies confusing for folks They aren’t necessarily the same A household can include two earners, no? It might be good to make that distinction clear
Comment from : @VirginiaHapa