Cryptocurrency Q&A
Is 10 million net worth rich?
Is 10 million net worth rich?
Andrea
Tue Oct 29 2024
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5 answers
1006
I'm wondering if having a net worth of 10 million can be considered as being rich. I want to understand if this amount of wealth is generally perceived as affluent or not.
5 answers
BlockchainEmpiress
Thu Oct 31 2024
The vast majority of millionaires in America, which constitutes about 95 percent of the total, have a net worth that falls within the range of $1 million to $10 million.
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Elena
Thu Oct 31 2024
This range highlights the significant disparity in wealth distribution within the country, with a small percentage of households holding the majority of the wealth.
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Martina
Thu Oct 31 2024
The nominal definition of wealthy holds that a household must possess a certain level of assets and income to be classified as such.
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KpopStarlet
Thu Oct 31 2024
According to this definition, only a select group of households in America can be deemed wealthy.
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EthereumEmpireGuard
Thu Oct 31 2024
Specifically, out of the 100 million households in the country, only 3.5 million, or 3.5 percent, are considered wealthy based on this criteria.
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