$250k a year: Rich or not rich?
Wednesday, 10 April 2013 11:12
Dedrick Muhammad, Sr. Director of NAACP Economic Department
How much should you earn to be considered middle class? To be considered rich? Pinning down clear numbers is more complicated than you might think. During his presidential campaign, Mitt Romney stirred controversy when he grouped households earning $250,000 with the middle class. Rich and poor are relative terms, and our judgment of these categories is often informed by feeling, not fact.
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