What is considered rich?

If you don't live like you're wealthy then you won't be "considered rich" as the OP asked. Money isn't the only thing people consider as wealth.

PS if your parents really had that kind of money I doubt you'd feel the need to tell strangers about it lmao

I personally see wealth as more than just money. In my eyes its monetary i.e assets, investments etc BUT also combined with coming from (or creating) a good family, having a college education and good job, good connections, quality friends, living in a good area, being well travelled, healthy relationships etc. From your story, I believe you're rich but not wealthy.

Promise u as someone who knows if you parents have millions u don’t type out an exact number for strangers on the internet.

Stop typing weirdly worded creepy paragraphs like you’re frasier about the image of being rich you sound very odd. You’re either a geed or 42 years old

Where your mother works, how much property your family owns and does it produce income, truly wealthy families have many sources of income including both parents

I know girls who’s parents have taken out second mortgages or traded in their cars to get their daughter a car that can keep up with her friends

I know a girl who’s parents declared bankruptcy and paying her dues was still top priority. Sorry, that’s when you drop or you take out a loan and pay it back later vs making your parents go into debt

How are kids okay with their parents doing this...... going into debt not just for your education and for you to live comfortably but to be in a sorority and put on a show. I would feel so guilty

You are beyond out of touch with reality if you think that being “rich” means you need to have a private aircraft.

Wait do you mean homes in the million dollar range are big down here as in the south? The south is one of the cheapest places to live in the country..... remember we are in Alabama not New York or LA

No one is out of touch. Plenty of million dollar homes in Alabama. Just look at the real estate listings in any major town or city or lake/resort area in this state. Or property tracts. Lots of people in Alabama who are “land poor”. Meaning they own huge tracts on land that are worth millions but live a quiet lifestyle.

Is $300K income considered rich or does it have to be over $500K a year?

TBH 300k a year is not that much money. And I'm not saying that to be a flex or anything. Knock off nearly half for taxes and then you start seeing what you have to play around with. Throw in several kids in private school and in college and there's not a ton left over for a baller life. It's def really comfortable. Everyone has cars and clothes they want but there's no Rosemary Beach house with that kind of money.

Look around when you drive through Alabama. 300k is rich to 90% of the people who live in this state. Ik we are talking about standards for Greek life which is different, but we are still in Alabama, one of the poorer states.

$300k/year is considered wealthy in Alabama because the cost of living is so much lower here than other places.

People do make considerably less in Alabama compared to other places, but it’s because the cost of living is so much lower. If they moved to a different part of the country the pay scale would adjust accordingly.

This thread is such a joke. So many privileged kids out of touch with reality. Y’all are lucky af if you really think making 300k a year in Alabama doesn’t make you rich

I'm not debating the percentile. Yes on paper 300k/year is way above what most Alabamans will ever have and most Americans. However, when you start considering the Greek Life bubble, it's different. 300k is definitely comfortable/well off. 300k is not rich. You can argue against it all you want but it's not. Taxes alone on 300k/year knock that number down significantly.