top 5% and that would mean a net worth of over $2 million, but of course that is also location-dependent. Someone with a net worth of $2 million in NYC certainly can't buy everyday items without considering the cost where someone in Nebraska probably could. A previous president (trying to stay within the TOS) said an income of over $250k made you 'rich' until he was corrected and it was bumped to $450k. I don't believe wealth should be tied to income because I know quite a few people that earn upwards of $400k and have very little net worth due to poor decisions and lack of discipline.

I also find that no one thinks that 'they' are rich because we all know people that have more money and make more money ... or at least appear that way.

My definition would be a net worth of greater than $3 million in low cost areas and $5 million in higher cost areas. At the very least, folks with those means aren't concerned about money.