Summary
- Americans believe it takes a net worth of $2.5 million to be considered wealthy in 2024, a 14% increase from last year.
- Baby boomers think being wealthy requires $2.8 million, while millennials set the bar at $2.2 million.
- The average net worth needed to be considered financially comfortable is $778,000, with Gen X citing the highest amount at $873,000.
- Survey results reflect both rising cost of living and emotional views on wealth.