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There is no set amount of USD that defines the line between "wealthy" and "poor". Your $120k figure would go a lot further in Mississippi or Texas that it would go in California or Massachusetts, where that would be barely enough for a large family.
There's definitely a place (or two) in the US where a family struggles with $120k/yr. Sure, just move to Mississippi, I guess ...
They would be considered "poor" there, or at least not wealthy.
Well good for you, I guess.
I guess I'm not normal.
Good for you, that would get you half a roof here, and insurance won't cover if it's considered normal wear and tear.
No you are definitely not normal and that is the entire duscussion