4 ms·
> I don't think any other kind of rich exists There are many definitions. I think the most useful and wide-spread one – even among non-economists – is from the
by bmn__ 7y ago
> I don't think any other kind of rich exists
There are many definitions. I think the most useful and wide-spread one – even among non-economists – is from the OECD: you are rich if your household equivalised disposable income is ≥150% of the median of the country.
If you want to find out whether you meet the criterium, then try to find some newspaper articles on the Web about the poverty line or poverty gap that embed JS calculators. Otherwise see http://enwp.org/Equivalisation http://enwp.org/Equivalisation if you want to crunch the numbers yourself.
- tadzik_ 7y ago> you are rich if your household equivalised disposable income is ≥150% of the median of the country Sounds sensible, thanks.