Most people have thought about the question of "when you're wealthy" at some point. That often raises the question of whether you're wealthy if you earn good money, or whether, for example, assets count too.

What does it mean?

"At what point are you wealthy?" You may have asked yourself this question before. There's even a general definition for it. By that definition, you're poor if you earn only 60 percent of the median income or even less. For a single person in Germany, for example, that would be 1,000 euros net per month or even less. Those who earn double the median are considered wealthy. In Germany, that would be about 3,500 euros. But this is only the answer in Germany to the question "At what point are you wealthy?". In other countries, for example, there are different definitions that are much lower or more demanding.

Other definitions of "at what point are you wealthy?"

Of course, you should also keep in mind that this is only about income and the official definition. When you count as wealthy can naturally also be decided personally and based on assets. There are certainly some people who have inherited a great deal and can therefore show great wealth. Just because they don't work, or only do small jobs, doesn't mean they aren't wealthy. For example, it's very interesting that in 2016 alone, more than 43 billion euros were inherited in Germany. Many millionaires in Germany also only came into their wealth because a parent passed away or a relative divided up their estate. So the definition of wealthy needs to be viewed very critically.

Conclusion

The fact is that, officially, you count as "poor" once you earn less than 1,000 euros net per month. However, there are certainly some people who live very well and are happy despite a relatively low income. So being considered wealthy takes more than money, it also takes assets and property, such as inherited apartments, houses or other things. Since the beginning of humankind, where you come from and what circumstances you grew up in have played a major role. That's also why everyone should judge for themselves whether they count as wealthy or not. After all, the official definition only refers to money.