Reported about 13 hours ago
A recent Charles Schwab survey reveals that nearly two-thirds of Americans believe it takes significantly more money to feel wealthy compared to last year. On average, individuals now think $839,000 is needed for financial comfort, and $2.3 million to be considered wealthy. Factors such as inflation, a tough economy, and high interest rates contribute to this feeling. Despite the grim outlook, many younger Americans still feel financially secure, highlighting that wealth perception extends beyond just money to include happiness and relationships.
Source: YAHOO