“Rich” sounds like a simple financial label. It is not. For some people, it means having enough money to stop working. For others, it means owning a home without a mortgage, having investments that generate income or simply never having to worry about an unexpected bill.
That is why there is no single net worth that officially makes someone rich. Wealth depends partly on how much a person owns, but also on where they live, what they earn, how much they owe and the financial demands placed on their household.
