Mo Money's Building Wealth Blog

Charles Schwab does an interesting study each year on Americans’ perspective on what they consider to be wealthy in 2024.  You can find the full report here but I’m posting a few key takeaways.

Here is what Americans think they need to both be considered “wealthy” and “comfortable” –

As you can imagine the perception also depends on where you live and whether it is a High Cost of Living (HCOL) area or a Low Cost of Living (LCOL) area.

Again, these are just “perceptions”, but it can serve to give you an idea of how your net worth compares.