This is what it take to be rich in America !!!

[CherryGaru]

https://www.foxbusiness.com/personal-finance/what-net-worth-does-one-need-rich-2024-heres-what-americans-think

Charles Schwab's annual Modern Wealth Survey released this week found Americans now believe it takes a $2.5 million net worth on average to be considered wealthy in 2024, up from $2.2 million for the past two years. 

 

Older generations actually think $2.5 million isn't enough to be considered rich, with baby boomers saying on average that the threshold for wealth should be $2.8 million. Gen Xers said the number is more like $2.7 million.

Respondents in certain cities and regions feel like $2.5 million is a low bar, too. 

In San Francisco, residents said a person needs $4.4 million to be considered wealthy, and in the Southern California region, folks as a whole set the number at $3.4 million in this year's survey. 

New Yorkers say it takes $2.9 million to be rich, while residents of Washington, D.C., Denver, and Seattle all said on average that being wealthy means a $2.8 million net worth.

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Detailed survey results here > https://content.schwab.com/web/retail/public/about-schwab/schwab_modern_wealth_survey_2024_findings.pdf

[Assam_Bhayya]

Texas lo ayithe entha saar ani @karuvu garu from Dallas asking 

 

 

[kakatiya]

That is what telugu doctor couples make per yeaf.

[CherryGaru]

5 hours ago, Assam_Bhayya said:

Texas lo ayithe entha saar ani @karuvu garu from Dallas asking 

 

 

https://pressroom.aboutschwab.com/press-releases/press-release/2024/Schwab-Survey-Reveals-That-Americans-Think-It-Takes-2.5-Million-to-Be-Considered-Wealthy-in-2024/default.aspx

 

	Average net worth it takes to be “wealthy”	Average net worth it takes to be “financially comfortable”
San Francisco	$4.4 million	$1.5 million
Southern California	$3.4 million	$1.2 million
New York	$2.9 million	$994,000
Washington, D.C.	$2.8 million	$968,000
Denver	$2.8 million	$876,000
Seattle	$2.8 million	$789,000
Boston	$2.7 million	$903,000
Atlanta	$2.4 million	$781,000
Chicago	$2.3 million	$813,000
Houston	$2.3 million	$662,000
Phoenix	$2.3 million	$650,000
Dallas	$2.2 million	$724,000