I would say no. But there are outliers
Knew someone that lived in a major and expensive city, after tax, paying back training costs, cost of living and paying his wife’s medicals bills, there was little left. They were lucky to earn that much else she would have died.
If 200k is poor then I’m destitute.
compared to the ruling elites, yes.
compared to most people that’s global 1% amounts of money.
Depends on the currency. In America, no
If you have a family of eight, you’re officially “low income” in San Francisco.
https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/income-limits-2025.pdf
No.
Depends of where you live and what your definition of what your standards are.
If you compare to the rest of the world, you would be very wealthy in most of the world. In most of Asia or Latin America or Africa you would be laughing.
In some Wester countries you would be well off assuming you are smart with your money. Depending where you live.
In some cities like New York, San Fran or Vancouver you will get by alright. Depends on expectations. I known people who plow through cash because that’s their lifestyle. I do not relate.
It sort of depends, since many people get into the mindset of spending more, the more they earn, sometimes irresponsibly. Personally, I go out of my way to spend well beneath my means, do not throw money on fads and got the party lifestyle out of system a long time ago, so 200k would be plenty which would allow for savings for larger purchases like property or investments. Especially if your partner contributes to the treasury.
No?
This question makes no sense.
Absolutely not and anyone who says otherwise needs to get a clue.
In an absolute sense, no. In a behavioral sense anyone who cannot define what is enough will never have enough. In this sense we have a lot of high income poor in the us including billionaires.
I make considerably less than 200k (USD) per year and I’m fortunate to be able to say I’m decidedly not poor by any stretch.
Depends on cost of living, I guess, but that’s an extremely comfortable living, in my area.
Come on man, there is no where in the US where a person who makes 200k is poor.
I certainly don’t think so. Someone else probably does.
It depends in what context.
On the day to day, is someone making $200k struggling? No.
Is someone making $200k in the bottom 99% of Americans? Yes.
Okay, but that’s not what poor means.
200k what?
depends on how much debt they’re servicing
