Wall Street Journal: President Obama was criticized by conservatives for suggesting that an income of $250,000 a year made people rich. If anything, however, Mr. Obama may have been aiming too high. A new Gallup poll shows that Americans say they would need to earn a median of $150,000, or have $1 million in total net worth, to consider themselves rich. The $150,000 in income puts you roughly in the top 10%.