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GOBankingRates
GOBankingRates
Cindy Lamothe

How the Definition of Rich Has Changed in California

Miles Cui / Getty Images

Not too long ago, being “rich” in California may have meant flashy cars, sprawling houses with ocean views and maybe a few weekends in Tahoe for good measure. But today, the picture looks pretty different. 

U.S. News & World Report reported that while California is a beautiful state with a wealth of opportunities, it comes at a cost. With sky-high housing costs, new waves of tech money and shifting ideas of what really matters, the definition of wealth in the Golden State may not be as simple as it used to be. 

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