So you have a paid car, a decent account for mediation and the credit card account is paid in full every month. But you are rich – or just comfortable?
According to new data on the study, Americans have some quite specific opinions about where this line was prepared. And spoiler: The tape is higher than the actual net value of most people. Whether you quietly break your financial goals or just nasal for how much they think it is necessary to be “rich”, these numbers say a lot about how our expectations are shifted into today’s economy.
According to a Modern Wealth study by Charles Schwab in 2025, Americans now say you need $ 2.3 million to consider yourself rich. This is a slight reduction of $ 2.5 million last year, but it is still good in seven -digit territory. Meanwhile, the amount people say you just have to feel financially comfortable, worth $ 839,000 – from $ 778,000 in 2024.
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And no, it’s not just a bunch of dreams. These numbers come from real people who are trying to make sense of a world in which groceries cost more than dinner, accustomed, housing prices will not give up, and interest rates have absolutely no coolness.
Much of why do these thresholds continue to climb? Inflation, economic uncertainty, taxes and the general vibration that everything is just worth more. According to a Schwab report, nearly 63% of Americans say more money is needed today to feel rich than a year ago. Blame your economy, your grocery bill, or that colleague with the second home in Hamptons.
Although many say you need millions to feel rich, the federal federal reserve data show that the average net household value in the US is only $ 192,900. The average, which curves higher thanks to the ultra-wealthy households, comes with just over $ 1 million. So, in principle, even if you are “average” on paper, it can still let you feel far from rich – especially when social media continue to show you someone’s vacation from a drone shot.
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Generations, Baby Boomers expect the most: they think it takes $ 2.8 million to qualify as rich. Gen X is not lagging behind at $ 2.7 million. Millennials is raising it a little to $ 2.2 million, and the Gen Z, once a reliable bunch, say $ 1.2 million sounds right.