The Definition of Wealth: Money or Mindset?
TL;DR Summary
A new survey by Charles Schwab found that perceptions of wealth are shaped by being able to afford a certain lifestyle, with younger generations feeling wealthy when they can afford their friends' lifestyle. The survey also found that for many, wealth resides in relationships and experiences. While social media can exacerbate feelings of economic anxiety, respondents across all age groups prioritized having a joyful, balanced life filled with great relationships over maximizing money and accumulating material possessions.
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