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What's the difference between having a "high socioeconomic status" and being rich?

Whats the difference between being rich or being wealthy?

  • Which is better if the is a difference? When can one say they are rich/wealthy?

  • Answer:

    I think rich is when you buy a BMW and your wife dresses up to copy Posh Spice. As long as the money keeps coming in and payments are made, no problem. You have a cash stash and some money honey. Wealthy is when you buy a BMW for each day of the week (The Lamborghini strictly for weekends) and your wife is Posh Spice (So no one blames you when you cheat). There is always cash in a flash and money is funny.

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The wealthy write the paycheck for the rich. Michael Jordan is rich, but the owner of the team that pays the dude, he is wealthy!

mr.mars-"H"-mallow

rich means you have money. wealth means how long(period) one can live without working to continue to live ones lifestyle

Roger L

When you are rich you move big in your town. But when you are wealthy you move big in the whole country and people and politicians flock to you for money and favour.

rajan l

Depends on the context in which it used , you could have a wealth of knowlege or spiritually rich....

zxcv

True wealth is not determined by what you have in your bank account, but rather by how you manage that resources which are available to you. Being rich is all about the $$$$.

MB1810

Rich means you have money to spend, but it can dissappear with a spliff and a sniff. Wealth is passed onto generations to come. PS: I know someone quoted Chris Rock before me, but I've also seen the DVD, infact I own one!! (Two points is two points)

Donnchadh

Rich is when you have extra money to buy extravagances but it is not enough to influence groups, associations, politics. Wealthy is when your money is boundless and you are capable of influencing groups, associations, politics.

Res

I believe Chris Rock explianed this a few years ago. If you have money to take care of your problems and maybe help a few people. you are rich but the guy who pays your cheque is wealthy. He has much more than he needs in this life time. wealthy people own corporations and business that provide employment for hundreds and maybe thousands of people. What this means is anybody can make money, but how many people own money.

gutsa

My dad owns a bunch of companies, sure we get good clothes and such, but I always thought rich and wealthy were the same thing. My dad always says "wealthy"

ME

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