Two working people earning $200k together isn't what I would describe as particularly wealthy. That would put them squarely in what most people consider slightly upper-middle class. Consider that two engineers right out of college should be able to make that much.
Really depends on cost of living. I looked at a breakdown of this recently by locale. In the bay area or NY it doesn't get you anywhere close but in most other areas it puts you in or pretty close to the 1%.
