Gold for your golden years

To be considered “wealthy” in America, the required annual income can vary significantly depending on the state and local cost of living.

Generally, to be in the top 1% of earners, you need to make at least $682,577 annually. However, in states like California, Connecticut, Massachusetts, New Jersey, and Washington, this threshold is over $1 million

For the top 5%, an annual income of at least $252,840 is required.

It’s important to note that these figures can vary widely across the country, and what is considered “wealthy” in one state might be different in another. For example, in West Virginia, the top 1% earners need only $435,302