A NY Times articles discusses a survey about Americans’ views of what it means to be “rich.”

The article notes that, while ideas about how much money it takes to be rich fluctuate depending on current income, most Americans think being rich means having a household income over $200,000 a year. And despite the equal opportunity promised in the American Dream, most people don’t think they’ll ever get there.

The data discussed in the NY Times article comes from the survey research firm YouGov, which recently asked a representative sample of 1,000 Americans if they thought they would ever be rich. Nearly three-quarters of respondents to the survey said this was unlikely, while 20 percent thought it was at least somewhat likely.

To read more, see the article at Definition of ‘Rich’ Changes With Income – NYTimes.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.