Are You Rich?
by Neale Godfrey, Financial Literacy Expert
Aug 12, 2022
3 minutes
This is a question that many people ask themselves in quiet moments but would never have enough nerve to say out loud.
What does “being rich” mean? As it turns out, the definition seems to be changing.
What’s the Dollar Figure for Being Rich?
How much money do you need to be considered rich? Well, according to Schwab’s 2021 Modern Wealth Survey, Americans believe it takes a net worth of $1.9 million to qualify a person as being wealthy. (Net worth is the sum of your assets less your liabilities.)
To get a clearer picture of where you rank,
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