1655725931 Study defines how much you need to earn to be

Study defines how much you need to earn to be considered rich

Getty Images/Andrzej Rostek

The study is the second of its kind and aims to inform the debate about the quality of life of individuals.

That’s a common question how do I compare to the rest of the population? Am I making above, below or average for someone my age and background?

well a new one Report of L’Observatoire des Inégalitésan independent organization that studies inequality in French society has defined what it means to be rich and how many people that encompasses.

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To be considered rich, a person must have a recipe for it € 3,673 (R$ 19.5 thousand) per month this figure is twice the average and includes 4.5 million people in France.

A couple with two children under the age of 14 is considered wealthy if their combined monthly income is € 7,713 (R$ 41.5 thousand).

This monthly amount is now slightly higher than when this study was conducted in 2020, where for a person being rich would equate to earning € 3,470 (R$ 19.6 thousand) a month.

1% of the population would be considered “super rich” if they had an income of € 7,180 (R$ 38.6 thousand) per month, after taxes, per person.

In France, the richest people today measured by income are those who are slightly older than the rest of the population (mean age 57 years)no longer have children at home, own property and hold leadership positions in the workplace.

Not surprisingly, this new poll found that the richest people in terms of total wealth (not just income) are older: 70% are over 50, 39% are retired, and 28% live in Paris and surrounding regions.

In fact, is the richest person in France Bernard Arnault, President of LVMHthe world’s largest luxury goods company his fortune is equivalent to the total value of all properties in Marseille, the second largest city in France.

The study is the second of its kind and aims to inform the debate about the quality of life of individuals and in particular about poverty and global inequality.

As the study says, “To be rich in life is to have a lot, but how much is a lot?” Well, now everyone has the answer.

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