Reported about 2 months ago
In 2024, the definition of being 'rich' encompasses not just financial wealth but also lifestyle and mindset. Generally, to be in the top 20% of earners in the U.S., one needs an income around $130,545, varying by state. A net worth of about $2.2 million is perceived as rich, down from $2.6 million in 2020. Wealth distribution reveals that the top 10% control about $6.7 million, while the bottom 50% only average $50,000. Ultimately, a combination of income, net worth, location, and a healthy mindset defines true wealth today.
Source: YAHOO