Americans have varying ideas of how much money you need to earn each year to be considered "rich," but most people say you need to bring in at least $1 million per year.
That comes from a new GOBankingRates survey, which asked participants, "What level of annual income do you think makes you rich?"
While answers ranged from $100,000 to more than $10 million, the most popular response, chosen by 26 percent of respondents, was at least $1 million. An additional 13 percent of respondents said $5 million or more while 12 percent said $10 million or more.
"Across both genders and all ages, the most common response to the survey question is '$1 million or more,'" reports GOBanking Rates, adding that, in actuality, "less than one-quarter of 1 percent of Americans earn at least $1 million a year." By contrast, a salary of $100,000 a year "means that you're making more annually than 87.9 percent of Americans."