Being rich is a relative sort of thing. If I live in Small Town, USA, make $35,000 a year, but can buy a decent house in a decent neighborhood for $60,000 I may have as much discretionary income left-over as someone living in Big City, USA making $100,000 a year, but limited to expensive housing options (or a very long, expensive commute).
At least, that’s my reaction when I hear people say that living in the States automatically identifies us as rich compared to the rest of the world. Continue reading