StatsMan
I agree with your view that it depends on your personal circumstances as to the value perceived in $150k.
However, only 3% of people earn over $150k.
The average wage is $75k and below.
If people on $150k don't consider themselves well off then you can safely assume under $75k makes you poor.
The only thing in my opinion that puts the biggest cost on wages is rent/mortgage, remove them and you would be 'rich' even on $75k.
I feel for the genuine earners under $50k. You can argue it's their choice but not everyone can be a graduate or tradie, not that all jobs with qualifications pay more than unskilled jobs.
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is 150k a lot or not?, page-81
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