Next week on Marketplace Money, the show will concentrate on one number: $250,000. It’s the current line in the sand in the debate on whether to extend Bush-era tax cuts. An income of $250,000 makes you wealthy, says one side. Oh no it doesn’t, says the other.
We’ll hear from people like you across the nation on the topic. Some say, “A household of $250,000 is not wealthy.” Others say, “Yes, in many places in the country its.” What do you think?
We’ll also hear from people like Robert Frank, whose book “Richistan” chronicled a dozen or so folks worth millions of dollars who say they don’t feel rich.
“I had a couple, they’re worth $200 million. They said to me, ‘Wow, I love reading that book about those people. I couldn’t believe those people in your books.’ So the wealthy they don’t see themselves as wealthy,” says Frank. “There was a billionaire I talked to who said, ‘I’m not rich. Now let me tell you about this guy who is rich.’ And he genuinely meant it because, again, we’re always looking at those above us and comparing ourselves to the people that we’d like to be rather than looking down at the reality.”
We want your feedback: What is rich to you? Leave a comment here or at our Facebook page.