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Many Americans feel wealthy — but don’t necessarily measure it in dollars and cents. Well-being, not money, has become the leading measure of wealth for most adults today, according to a new Charles Schwab Modern Wealth Survey.
It takes an average net worth of $2.2 million to be considered “wealthy,” the survey found — but that’s the estimate respondents gave for other people.
Of the 1,000 adults surveyed, about 48% say they already feel wealthy. Yet their average net worth is $560,000 — about a quarter of what they think others need to be rich.
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