00:00What do you need to be considered wealthy?
00:03Well, the answer can vary, according to a new Logica research for Charles Schwab survey.
00:08Of 1,000 Americans surveyed, 48% of respondents who said they felt personally wealthy
00:13had on average just $560,000 in total assets.
00:18Respondents, however, said people on average in their area needed $2.2 million to be wealthy.
00:24Are you trying to keep up with the Joneses?
00:27Well, you're not alone.
00:2847% of respondents said being able to afford a similar lifestyle as their friends made them feel wealthy.
00:36But feeling rich has more to do with just money, right?
00:4067% of boomers said time was more important than money compared to 56% of millennials.
00:46for three to one hundred percent.É™
00:46əə əə əəGəbəsə əə əə əə əə əə əə əə əə əə əə əə ə əthə əə əə əə əə
00:46əvə əə əə əə əə əmə əə əə əə əə əə ə əə well.
00:46Let's get started.
Comments