CNNMoney.com takes a look at the question "how rich is rich?"

Some of the experts they talked to say it takes between $2 and 12 million in savings to be rich.

According to the Obama administration, $250,000 is the cut-off point that makes someone rich. The president wants to extend the Bush tax cuts for all Americans, except people making more than $250,000 a year. That's about 2 percent of the population.