Broke boys dont deserve no...... How much money you need to be considered wealthy?

Water Cooler
#1

also i’ll be heading to the montage. how much you tip valet?

Here’s the net worth each generation says you need to be considered wealthy in 2021:

  • Millennials (ages 24 to 39): $1.4 million
  • Gen X (ages 44 to 55): $1.9 million
  • Baby boomers (ages 56 to 74): $2.5 million
#2

Why is there a generational gap for 40-43? Seems like a problematic cohort.

#3

I’d say closer to $5m-$10m.

Don’t have reasons to use the services of valets often these days but the place I order out sushi from automatically attaches an 18% tip for take out which has really been annoying me. Like a couple bucks as a tip in cash seems fine to me but god damn 18% is getting really up there when it comes to sushi…

#4

I am old enough to remember when $1,000,000 was a lot of money. :older_man:

Valet parking is not a big thing in my part of the world. I think I’ve tipped $5 in Florida. :man_shrugging:

#5

my boss gave me 5 bucks to tip. but once i got my car, i figured i’ll stay rich instead. jkjk

#6

$5-$10M sounds about right if you come from a higher expectations demographic (e.g. minimum of having a college education and likely with some masters level work in a higher income field - tech, healthcare, finance, law, etc…). Also really depends on where you live since $2M seems to be a cutoff for decent housing now in certain areas (e.g. most of the gateway cities).

That said, $1-$2M in most places in the country is quite a lot of wealth and so Nery’s post makes sense. If you can shed a lot of frivolous spending and live a more middle/u-middle class lifestyle for most things then $1-$2M is quite comfortable.