Ask Lemmy

Rich - enough money to throw around and buy expensive things, but could lose everything with some poor decisions because they are spending their income instead of focusing on future wealth

Wealthy - expenses are easily paid using income from investments, easily accessible loans from property, or some other wealth based process. They don't need to actively work to do the same kinds of thing a rich person can do, and it is difficult for them to lose their wealth.

There are not any specific dollar amount thresholds, because it depends on spending and local cost of living. Wealthy people will make decisions that maintain enough wealth that will increase in value over time to beat inflation, rich people make decisions based on whether they can afford it right now.

A wealthy man has no bills

Wealth, to me, is relative, measured by how far-reaching you can do things.

In the top tier, there are billionaires who can make decisions on the world stage, such as Elon Musk making satellites to help various countries or L Ron Hubbard buying a navy and putting places of worship in other countries.

In the middle tier, there are people who can make decisions on the national level, such as smaller business chains putting their businesses in various states.

In the low tier, there are people who can make decisions on the local level, such as buying management at a local school.

And then there are the rest of us, who have our whole empires concentrated on a single street.

Anyone who has strong opinions about new video games or a favourite Tiktoker is wealthy