Making It
How Much Money Do You Need to Be Wealthy in America?
The exact amount can depend on how old you are.
Rich is relative.
Merely having a net worth of $1 million, it seems, doesn’t mean you’re wealthy. In Charles Schwab’s annual Modern Wealth Survey, the amount people said it took to be considered rich averaged out to $2.3 million. That, the company said, is “more than 20 times the actual median net worth of U.S. households.”