Why making $100,000 a year in the United States no longer qualifies you as wealthy


Earning $100k a year in the US does not automatically indicate that one is wealthy, as the cost of living is much higher and inflation has been rising consistently across the country. The median annual income for all households is about $61,000, meaning anyone earning above this amount has more money than the majority of households. However, this does not necessarily make them wealthy, as expenses like housing, healthcare, transportation, and taxes can take a large portion of those earnings, leaving many Americans to struggle to make ends meet. While $100,000 is an impressive sum of money, it may not be enough to cover all of life’s expenses and put someone into the wealthy category.