The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found.
The financial services company said in the latest edition of its “ Modern Wealth Survey ” that Americans now view $2.3 million as the benchmark for counting as wealthy, pointing to what they see as a worsening economy .
That marked a $200,000 decrease from 2024, when Americans said the net worth required to be classified as wealthy averaged $2.5 million, according to the survey.
The “threshold” they have cited for being deemed wealthy has been above $2 million…
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