Broadly speaking, when anyone says the rich or the wealthy, they mean people richer than themselves. I’ve seen everyone from line workers to multimillionaires do it.
Reminds me of a casual conversation with a 1%, maybe a 0.1%: "we [meaning he and his wife] are not wealthy. All of our friends own a yatch, but we don't".
Reminds me of a casual conversation with a 1%, maybe a 0.1%: "we [meaning he and his wife] are not wealthy. All of our friends own a yatch, but we don't".