In the 2025 Modern Wealth Survey, Charles Schwab determined that to be considered wealthy in the U.S., an individual needs $2.3 million, down from $2.5 million previously. The survey found that to feel financially comfortable, respondents suggest having $839,000 saved. Younger generations, particularly Gen Z, have lower thresholds for wealth, with figures of $1.7 million for wealth and $329,000 for comfort, compared to Boomers at $2.8 million and $943,000, respectively. Notably, 43% of Gen Z feels hopeful about wealth compared to only 20% of Boomers.
Charles Schwab's 2025 Modern Wealth Survey found the wealth threshold in the U.S. is $2.3 million, down from $2.5 million last year.
To be financially comfortable, the survey indicates that an individual needs $839,000 saved, varying by generation.
Responses from over 2,000 adults showed generational differences, with Gen Z viewing wealth at $1.7 million while Boomers see it at $2.8 million.
Gen Z has hopefulness regarding wealth, with 43% believing they fit their own definitions, compared to only 20% of Boomers who feel similarly.
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