Depends on the currency. In America, no
If you have a family of eight, you’re officially “low income” in San Francisco.
https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/income-limits-2025.pdf
If 200k is poor then I’m destitute.
No?
This question makes no sense.
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I make considerably less than 200k (USD) per year and I’m fortunate to be able to say I’m decidedly not poor by any stretch.
In an absolute sense, no. In a behavioral sense anyone who cannot define what is enough will never have enough. In this sense we have a lot of high income poor in the us including billionaires.
No.
Depends of where you live and what your definition of what your standards are.
If you compare to the rest of the world, you would be very wealthy in most of the world. In most of Asia or Latin America or Africa you would be laughing.
In some Wester countries you would be well off assuming you are smart with your money. Depending where you live.
In some cities like New York, San Fran or Vancouver you will get by alright. Depends on expectations. I known people who plow through cash because that’s their lifestyle. I do not relate.
It sort of depends, since many people get into the mindset of spending more, the more they earn, sometimes irresponsibly. Personally, I go out of my way to spend well beneath my means, do not throw money on fads and got the party lifestyle out of system a long time ago, so 200k would be plenty which would allow for savings for larger purchases like property or investments. Especially if your partner contributes to the treasury.
In some parts of america with a larger family, yes.
I mean no offense, but I don’t think this is true.
I don’t think anyone who makes $200,000 a year is considered poor under legal definitions or under the casual common use of the term.
You could make $200k and be in debt. You could make $200k and be in a precarious situation. But I don’t think you can make $200k and qualify as in poverty, either legally or in the court of public opinion.
You can find elsewhere in the thread where the guy shared the chart about San Francisco. So, what I said is true.
I saw it, and it said that a household of eight living on an income of $200k would be “low income”.
First, “low income” is not poor, either legally or in the informal definition of the word. Even according to the chart you’re referencing, $200k is far above the poverty line. It’s more than twice the cutoff for “extremely low income”.
Second, this is also based on an absurd qualifier: It’s only “low” if you’re trying to support seven dependents.
By this logic, $300k a year is poor too (if you’re supporting a household of 12), and a million a year is also poor (if you’re supporting a household of 40 in San Francisco).
This is silly. If your monthly income is $16k you aren’t poor.
You can still be broke. You can be in debt. But no: you are not poor.
OP didn’t really ask for your definition of the word. OP asked broadly and in quotes. And, yes with a large enough amount of mouths to feed and house, 300k could not be enough to support that and you could be poor. Granted, its unlikely.
All of that aside, I think you’re just biased because you don’t live in an area like SF. To you 200k seems like a lot of money, so you can’t fathom being poor with that income. Poverty line in parts of the bay area is $150k.
What you don’t seem to understand is the cost of housing. A 3 bedroom apartment or house (normal boring house) will cost between $5000-$20000/month. That is barely affordable on $200,000 after taxes.
You’re welcome to your opinion, but what’s funny is that I live in Oakland in a household of three on a joint income of $160k. We live in a two bedroom apartment near Lake Merritt that costs $2500 per month. And we’re pretty comfortable.
It sounds like you and I are neighbors. If you’re having a harder time than I am I don’t want to invalidate your experience. But not everyone who feels financially constrained is poor, imo.
200k what?
depends on how much debt they’re servicing
