High income does not make you wealthy...it will over a period of time. Assuming households with $150,000 or more in income are rich, does not consider net worth. With the high tax burden it is difficult to accumulate wealth which is a better measure of being in the '1%'. We all pay to much tax, and there are few with defined pension plans and if you have children the cost of tuition has increased significantly over the past decade. A looming problem is how does one retire, or will be forced to apply for assistance from the government?