An Average American Needs $2.2 Million To Be Wealthy — But Grant Cardone Thinks It's Not Enough [Yahoo! Finance]
Charles Schwab Corporation (The) (SCHW)
Last charles schwab corporation (the) earnings: 4/15 08:45 am
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Source: Yahoo! Finance
According to Charles Schwab's 2023 Modern Wealth Survey, the magic number now stands at $2.2 million in assets. However, Grant Cardone, the real estate mogul with a net worth of about $600 million, is here to rain on that parade. He claims that in today's economic landscape, it is inconsequential. There's a common misconception that people need over $2 million to feel rich, as the Charles Schwab survey uncovered. In fact, 48% of Americans consider themselves wealthy, with a median net worth of just $560,000. Interestingly, over 57% of millennials feel wealthy if their total assets hover just above $530,000. Gen Z'ers require even less, as the survey revealed 46% of young adults feeling rich with a net worth of $414,000. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Want To Grow Your Wealth Passively? Unlock Real Wealth with Cityfunds' Exclusiv
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SCHW
Earnings
- 4/15/24 - Beat
SCHW
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 4
- 4/26/24 - Form 144
- SCHW's page on the SEC website