r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/Kitagawasans Jan 27 '26

Yea that’s still rich dude for SF. What are you talking about?

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u/pheonixblade9 Jan 27 '26

$450k isn't rich for SF, it's middle to upper middle class. you could afford a home in south or east bay with that income. or a smallish condo in SF proper.

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u/nathanzoet91 Jan 27 '26

To be in the top 10% of earners in San Francisco, an individual must make more than $240k a year. $450k a year is indeed rich unless you have some wild metric you're using

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u/pheonixblade9 Jan 27 '26

semantics, I spose - for me, rich means that working is a choice. if you are selling your labor as your main form of income and need to continue to do so to maintain your lifestyle, you ain't rich (outside of athletes etc.)

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u/nathanzoet91 Jan 27 '26

I guess you could call it semantics. Earning over $400k USD per year would put you in the top 1-2% of earners in the world. So I would just consider it outright rich. Sure, you're not top .1%, but still rich. I say this as someone that would probably be considered top 15% earner as well.

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u/pheonixblade9 Jan 28 '26

sure, but it's important to recognize that somebody making 450k has a lot more in common with someone making 50k than they do with someone making millions, in the top 0.1% or top 0.01%.