I have $7.5 million but don't feel rich - at what net worth do people actually consider themselves wealthy?

A Reddit user with a net worth of $7.5 million expressed that he doesn't feel rich, believing he needs $20 million to feel secure enough to stop working. He describes himself as 'comfortable' but emphasizes that perceptions of wealth are influenced by mindset, spending habits, and social circles. Although $7.5 million could generate a significant annual income, expensive living costs and lifestyle choices can impact how comfortable one feels financially. This illustrates the subjective nature of wealth and financial satisfaction.

"The question of how much it takes to feel rich is going to depend a lot on your mindset, as well as on your spending habits."

"A nest egg of $7.5 million, if it is all in investments, could produce an annual income of $277,500 per year... more than enough money for most people to live on very comfortably each year."

Read at 24/7 Wall St.