What is a good income rate yearly in this newer world since everything is more expensive than it use to be?

Question

like how much income on a yearly rate basis would a person be "rich" these days since prices are increasing on everything... ?

how much would it be in 2015 if things keeping increasing at this rate? estimated guess...

Answer 1

there is no monetary figure that defines what "rich" is....who is richer--the one who makes $10,000 a month and has $9000 a month due on bills, or the one who only makes $2000 a month but only has $500 a month due on bills? It boils down to how much you make vs. how much you owe. I would say, pay as many bills off as soon as possible, do not add any new debt, if possible, and start saving. Things are too volitale now to be taking risks. And no way anyone can predict what it will be like in 2015.