Who can be called "rich"("affluent", "wealthy")?
Most people would define this category by income ( and I don't). With the median annual US household income of around $47,000, are those making more should be considered wealthy?
Would making $100,000 a year make a person wealthy? Maybe $200,000? The prevailing societal notion of wealth = high income. Even more so, as I stated in my previous post, certain professions by default are considered to be wealthy. And with wealth, conspicuous consumption should follow( I hope to add on conspicuous consuption among professionals later).
Not all agree with such definition, however.