Thursday, November 28, 2019

You need $2.4 million to be considered wealthy in America

You need $2.4 million to be considered wealthy in AmericaYou need $2.4 million to be considered wealthy in AmericaJust how much money do you have to be to be considered wealthy in America?Recent findings from Charles Schwabs 2018 Modern Wealth Index pinpoint the number at $2.4 million on average. Respondents said that $1.4 million is needed to be considered financially comfortable.Koski Research surveyed 1,000 people living in the U.S., ages 21 to 75.People have different definitions of wealthThe most popular option far outweighed the others - and only 11% of Americans thought it had to do with having a ton of cash.Living stress-free/peace of mind 28%Being able to afford anything I want 18%Loving relationships with family and friends 17%Enjoying lifes experiences 14%Having lots of money 11%Having good health 7%Being charitable 2%Other (please specify) 3%The research also included findings on what people think it takes to get to wealthy status, with 49% thinking it all comes down to saving and investing, 40% thinking its all about hard work and 11% chalking it up to luck.Looking for an inspiring way to start your day? Sign up forMorning MotivationIts our friendly Facebook robot that will send you a quick note every weekday morning to help you start strong. Sign up here by clicking Get StartedHeres what makes people feel wealthy everydayThe research also shows what makes Americans feel wealthy in day-to-day life. Here are the top 10.Spending time with family 62%Taking time for myself 55%Owning a home 49%Meals out/have meals delivered 41%Subscription services like Netflix, Spotify, Amazon Prime 33%Grooming/pampering 29%Having the latest tech gadgets 27%Shopping at specialty grocery stores 22%Having a busy social life 21%Driving a luxury car 21%

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