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In the United States, what annual income qualifies one as wealthy? While those who secure a spot on the Forbes 400 list are considered super-rich, the standard for being wealthy in the minds of ordinary Americans is much lower.
Worldway US immigration experts note that surveys show most Americans consider a household with an annual income of over $150,000 or a net worth of over $1 million to be part of the wealthy class, as such an income places one in the top 10% of earners in the US. However, to take it a step further and enter the top 1% of US earners, one would need a net worth of over $3 million or an annual income exceeding $300,000.
According to statistical data, the median US household income in June 2014 was $53,891. This means that half of all American households earn less than $53,891 annually, so it is not surprising that most people consider those who reach the top 10% of income earners to be wealthy.
Nevertheless, there are still differing views among Americans on what level of annual income defines wealth. 70% of people consider a household annual income of over $150,000 to be wealthy. Of course, there are higher standards; 15% of people believe the threshold for being wealthy is a household annual income of over $1 million. However, 12% of Americans have a lower definition of wealth, believing that households with an annual income between $60,000 and $90,000 can be called wealthy.
There are even 18% of people who believe that as long as their household annual income reaches $60,000, they are wealthy. The $60,000 annual income standard for wealth is quite attractive to low-income families, as more than half of all households in the US do not reach this income level. Households with such an income have at least moved out of the low-income bracket and have hope for a comfortable, middle-class life.
Furthermore, people with different household annual incomes have different views on the income standard for being wealthy. Those with a household annual income of less than $50,000 mostly believe that as long as they can reach an annual income of $100,000, they can consider themselves wealthy. Those with a household annual income between $50,000 and $75,000 believe that an annual income of $200,000 is required to be called wealthy. Those with a household annual income exceeding $75,000 have even higher standards for wealth, believing that an annual income of over $250,000 is necessary to be considered wealthy.
If measured by the standard of household net worth, how much of such assets are required to be considered wealthy in the US? The general American standard is $1 million. As can be seen from the survey results, in the minds of Americans, whether measured by annual income or household net worth, the standard for being wealthy is not particularly high.
Of course, the self-defined standard of wealth among Americans is slightly lower than the standard used by the federal government for tax purposes. For example, in 2014, two-parent households with an annual income of over $450,000 were subject to the top marginal personal income tax rate of 39.6%, and these households naturally belong to the wealthy category.
Some say that the United States is a country that worships money and that Americans seem to love money above all else, but the American public does not see it that way. In one survey, only 13% of adults stated that becoming wealthy was the most important thing in their lives.
Among the things Americans value most, having more money only ranks seventh. Americans believe the most valuable thing in life is having enough time to do what they love, a view held by 67% of respondents. Among the most valuable things in life, Americans also highly value career success, having children, marriage, volunteering, donating to charities, and living a life of religious faith.
Worldway US immigration experts point out: Most people immigrate to the United States because they value the country's soft environment, such as the emphasis on self-actualization, social inclusiveness, advanced educational and medical resources, and social welfare. To better enjoy the international educational resources, medical security system, and welfare of the United States, obtaining legal status is crucial. The US EB-5 investment immigration program is highly popular due to its simple application requirements and short processing cycles. One application allows the whole family to immigrate, enabling them to enjoy not only high-quality US medical benefits but also advanced international education. After obtaining a Green Card, one can freely enter and exit the United States, live and work in any region of the US, and there is no requirement to reside in the US for a specific period to maintain status.
The key to success in US EB-5 investment immigration lies in project selection. The 2015 fiscal year for US investment immigration will face major events such as the arrival of visa backlogs, a surge in applications, and the expiration of the Regional Center program, and it is highly likely that the investment amount will increase. Therefore, choosing an EB-5 project that has been pre-approved by the US Citizenship and Immigration Services (USCIS) has become the best choice for dealing with uncertainties. The Pennsylvania Turnpike project and the New York Liberty Garden luxury apartment project, both represented by Worldway, are high-quality EB-5 projects pre-approved by the USCIS. To immigrate to the US and enjoy high-quality medical and educational resources, please call 400-138-2929 to secure your spot immediately.










