What Makes You Feel Rich? Here's The Average Net Worth Of People Who Consider Themselves 'Wealthy' [Yahoo! Finance]
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Source: Yahoo! Finance
However, the survey reveals a significant disparity between perceived wealth requirements and the actual net worth of those who feel wealthy. The survey asked 1,000 Americans about their definitions of wealth and how wealthy they feel today. Forty-eight percent of respondents reported feeling wealthy, yet the average net worth among this group is significantly lower, averaging around $560,000. This figure varies among generations, with millennials most likely to report feeling wealthy today. Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Charles Schwab's findings also highlight how Americans define wealth beyond financial metrics . When asked to describe what being wealthy means to them, respondents frequently mentioned aspects related to well-being more often than monetary or asset-based definitions. For example, many preferred
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