‘I think we’ve been lied to’: Who exactly is considered rich in America?
Update: 2025-10-28
Description
A retiree's letter sparks a discussion on what it truly means to be rich in America today. Despite having millions saved, many feel they're barely middle class due to rising costs, taxes, and insurance. The 'American dream' promise of security seems elusive, especially with inflation eroding real value. The perception of wealth varies greatly, with Americans generally needing $839,000 to feel comfortable and $2 million to feel wealthy. Political anxieties, shaped by economic worries, influenced the 2024 presidential election. Despite these concerns, Americans are still better off than many in other countries. Ultimately, wealth is not just about numbers, but also about how one feels compared to others and the importance of relationships and happiness.
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