What Is The Net Worth To Be Considered Wealthy

Many of you may think: Wealthy? It’s just the others. After all, very few people in USA own all of these things. But in order to be considered rich, none of this is necessary, as calculations show. Because one belongs to the top 10 % with an income with which one presumably classifies oneself as wealthy – but not necessarily as rich.

As it is well known, there are many wealth calculators that say where you roughly stand with your income in the wealth circle. And there is also a lot of information that roughly covers the distribution of wealth: 0.9 % of the world population owns around 44 % of wealth, according to a data, for example

Economists have now calculated where the limit to the top 10 % actually runs, and from what income you are included. To be a dollar millionaire is not enough in our part of the world. On the other hand, you don’t have to belong to the top 1 %, i.e. to the favorite large banks with assets of 30 million dollars or more.

Many citizens cite a stress-free life and not having to worry as their definition of wealth. At first glance, that doesn’t sound too focused on money – until you realize that money or specifically its lack is a cause of stress.

People hate to admit that wealth can buy happiness – But while most respondents chose noble concepts as their key to satisfaction, they weren’t shy about quantifying what it would take to get there. An average of 1.4 million is required to be financially comfortable, compared to 1.2 million last year, according to the survey. The net worth to be wealthy? That averages 2.4 million dollars – the same amount as last year in the online survey of 1,000 people between the ages of 21 and 75.

Around 65% of 20 and 30-year-olds believe they will be wealthy at some point in their life, compared to 22 % of boomers. Perhaps better habits will help, as more millennials than boomers say they shift their money regularly.