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It's hard for me to take seriously an article that uses yearly salary to measure wealth. Beyond the fact that money is an extremely poor indicator of wealth due
by LukeWalsh 13y ago
It's hard for me to take seriously an article that uses yearly salary to measure wealth. Beyond the fact that money is an extremely poor indicator of wealth due to cost variance across the country, simplifying someone's liquid assets into a direct relationship with yearly income is absurd.
- pjscott 13y agoIt's actually worse than that: the article measures wealth by the maximum salary that someone is paid in any year of their life. So, if you made over $250,000 for one year back in 1999, and are now jobless, you're considered part of the New Wealthy.