The Illusion of Wealth: Perception vs Reality in America
TL;DR Summary
A survey conducted by Charles Schwab revealed that 48% of Americans consider themselves wealthy, with an average net worth of $560,000. However, respondents had different opinions when asked about other people's wealth. The survey also found that nonfinancial factors like health and family were considered in their estimation of their own wealth.
- Who Is Wealthy? Schwab Study Highlights U.S. 'Wealth Paradox' Barron's
- What does it take to be wealthy? Well-being is a more important measure than money or assets, survey finds CNBC
- Americans think you need $2.2 million to feel wealthy - but the actual figure is much lower Daily Mail
- You Need Over $2 Million to Be Considered Rich in America, New Study Finds Bloomberg
- Millennials the generation feeling the most wealthy, survey finds CNBC Television
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