What it takes to be wealthy in America: $2.3 million, Charles Schwab says
Briefly

The average amount needed to be viewed as wealthy among Americans has risen to $2.3 million, a 21% increase since 2021. Inflation and rising costs have shifted perceptions of wealth, where security, well-being, and quality of life matter most. An average of $839,000 is needed for financial comfort, as noted in a survey of 2,200 adults. This figure represents a slight drop from the previous year’s average of $2.5 million but is significantly higher than $1.9 million reported in 2021. Numerous middle-class individuals may be classified as millionaires due to their total assets.
"Americans now believe it takes an average of $2.3 million to be considered wealthy. That's a 21% rise since 2021, reflecting the way inflation and soaring costs have changed perceptions of wealth."
"While the reported $2.3 million was a slight drop from last year's Modern Wealth Survey at $2.5 million, it's still 21% higher than the 2021 figure of $1.9 million."
Read at Fortune
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