Americans now say $2.3 million net worth makes you wealthy, survey finds

Charles Schwab found that the average net value that Americans feel are necessary to qualify because the wealthy had decreased amazingly, compared to last year, although he is still a great character.

The Financial Services Company said in the latest version of “Laha”Modern wealth survey“The Americans are now looking at $ 2.3 million as a standard for the wealthy counting, noting what they see as a deterioration economy.

This represents a decrease of $ 200,000 from 2024, when the Americans said that the net value required to be classified as an average of $ 2.5 million, according to the survey.

It was the “threshold” that they were martyred because they were rich who exceeded two million dollars since 2022.

Meanwhile, the company reported that the Americans surveyed of the annual Charles Shawab company, “The Modern Survey”, about thinking about the average value of a net of $ 839,000, was necessary because it was “financially comfortable”.

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The arrival of the average that the Americans felt is necessary to be “financially comfortable” for $ 778,000 last year, which means that the amount increased on an annual basis.

The survey found that what was believed to be the pure Americans who believed was necessary to be wealthy and comfortable. They varied between different generations.

For Baby Boomers, the average net value of being rich is $ 2.8 million, which is higher than the other three generations, for every Charles Schwab.

The report said that both the tenth generation and the Millenniums felt that the net value of $ 2.1 million made someone rich, while the Z generation was linked to the necessary wealth much lower, at $ 1.7 million.

When it comes to financial comfort, Baby Boomers release again the highest average net: 943,000 dollars. Behind them the millennial generation was $ 847,000, and Gen X, at $ 783,000.

The average net value that was necessary to be “financially comfortable” between Gen Z only 329,000 dollars.

The retirement account account has declined in the first quarter, but the savers continue to contribute

In general, 63 % of those surveyed stated that “it seems that it requires more money to be rich today compared to last year,” Charles Schwab said. For 73 % who felt this way, cited inflation.

A couple reviews their financial resources inside their home. (Istock / Istock)

The work statistics office stated last month that the inflation measured by the consumer price index in May recorded an increase of 0.1 % from the previous month while it was 2.4 % higher than last year.

Many – 62 % – from the respondents who said they believe that “more money” should be rich in the economy. Meanwhile, taxes and higher interest rates were the reasons mentioned by more than four in ten of this perception, according to the survey.

The standard interest rate of the Federal Reserve currently ranges 4.24 % to 4.5 %.

About 35 % of Americans indicated that they felt that they were “rich now” or “on the right track to be rich”, as they reported 11 % about the previous and 24 % say the latter, according to Charles Shawab.

Gen Z had the most prominent views of being “rich or on the right track” to reach this situation, by 43 %. The survey found that the close share of the millennial generation – 42 % – was reported about those feelings.

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“Those who provide and invest and have a more optimistic financial plan about their wealth or their ability to reach wealth,” Charles Schwab also said.

A woman who calculates her money in an office (Istock / Istock)

Happiness and money have emerged as the largest factors in how Americans identified wealth, according to the survey. It was cited by 45 % and 44 %, respectively.

The average wealth per person in the United States was $ 124,041 in 2024, according to a separate UBS report last month.

the The total number of millionaires This report in America in America said 23.8 million last year, which represents an increase of 1.5 % over the previous year.