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Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

We are back in your life.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

And today we're talking about the difference between rich and wealthy.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

You think earning more would make things easier, but right now it doesn't.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

We're seeing a lot of people who have really good incomes, but they're just getting by, might be even going backwards.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

So Mike, we're gonna break it down.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

No money, no problems, James.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

There is the data that once you earn over, as a household in New Zealand, $190,000, you're no happier.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

I don't really buy that at $190.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Are they?

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Yes, they are.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Yes, they are.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

I can confirm.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Different needs.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Another new shirt.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

Does look great though.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

I don't even know what to do with you.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

A lot of people don't.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

So let's start with rich households and break it down.

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

What does it actually look like and how is it different from a wealthy household?

Cheques and Balances
Rich vs Wealthy in 2026: Why High Income Isn’t Enough Anymore | Episode 484

So really a high income household.

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