What It Takes to Be Rich: Methodology

How we calculated our thresholds for wealth

October 9, 2008 RSS Feed Print

We started with data on mean household income, by quintile, from the Census Bureau's American Community Survey for 2007. Where possible, we used data for metropolitan statistical area, which represents more people than for the urban areas at the core of each MSA. To estimate household incomes for a "rich couple" and a "rich family," we divided average income in each quintile by the average size of a U.S. household—2.54 people, according to the census. Then we multiplied that number by two, for a childless couple, and by four, for a family. The "rich" estimates, therefore, do not represent actual survey data for such households in each metro area but rather an index number that allows place-to-place comparisons.

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wealth,
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Census Bureau,
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porn tube search of 6:36PM January 08, 2010

poor with close to 1 million usd it isnt what it was

dana 12:45AM November 30, 2009

Ummm...teachers do not get paid for 12 months. However, they have an option to divide their salary in 12 months. Just thought I'd clear up the ignorant comment.

Amy of TX 8:06PM July 28, 2009

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