Fox Business host: "You could be poor with $100 million if you live a certain lifestyle"

Fox Business host: "You could be poor with $100 million if you live a certain lifestyle"

Video ››› ››› MEDIA MATTERS STAFF

From the May 17 edition of Fox News' Fox & Friends:

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STEVE DOOCY (CO-HOST): Meanwhile, we do a lot of stories about millennials, the young people in this country, Charles Schwab did a survey and they asked people all the way from young people up into the 70s, how much money it takes to be considered wealthy. And according to millennials, they think -- now everybody think, how much do you think? Well, according to millennials, the second one down there, $1.94 million to be wealthy. Charles?

CHARLES PAYNE (FOX BUSINESS HOST): I thought that number was low. They didn't talk to my son. They did not talk to my son. You know. 

AINSLEY EARHARDT (CO-HOST): What would he say? Would he say like $20 million?

PAYNE: No, he'd say more than $20 million. He sent me the other day, sent me a picture of a watch that cost $400,000. He's like, isn't it nice? I said yeah, can't wait for you to get a job. You know, listen, I just think that it depends on how you live, where you live, and those kinds of things. You could be wealthy with $1 million if you live a certain lifestyle. You could be poor with $100 million if you live a certain lifestyle. 

STUART VARNEY (FOX BUSINESS HOST):  I think a more important statistic from that survey was what do you think is the average net worth of American households? I mean, what do you think it would be? All the people in our audience. 

EARHARDT: I was surprised by this.

VARNEY: What do you think is the average net worth? You don't know, obviously. I will tell you, $692,000. That is the average net -- come on. America is a wealthy country. 

Previously:

Fox's Charles Payne blames popularity of taxing the rich on "fairness" being "promoted in our schools for a long time"

Fox host rails against raising taxes on the super wealthy because it means people can't get rich anymore 

Fox's Bartiromo lashes out after guest suggests that the rich should pay their fair share

Posted In
Class, Economy, Jobs, Wages, & Unemployment
Network/Outlet
Fox News Channel
Person
Charles Payne
Show/Publication
FOX & Friends
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