What do you call Wealthy or Rich? I think someone with investable asset above $1,500,000.00 is wealthy or rich.

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I believe wealthy and rich are 2 different things. The wealthy pay the rich!
I.e. Jerry Jones is wealthy, Dez Bryant is rich. I do consider "rich" to be a minimum 10 MM in investable assets with 500k in passive income a year

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Rich people make a lot of money... Wealthy people HAVE a lot of money. Funny thing is, you don't need to be rich to be wealthy. I have a former barber as a client worth 5 million. He saved and bought rentals. But a number dictating wealth is completely subjective.

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Prudential, good answer. Never thought of it that way!

I would say rich is those with a net worth of $3,000,000 or more. $1,000,000 today is not the same as it was 20 years ago. Then you were considered rich.

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