What Does It Take To Be Wealthy in America?
What Does it Take to be Wealthy in America?
The goalposts of wealth are always shifting due to inflation and other factors.
For example, someone with a net worth of $1 million several decades ago would have been considered very wealthy. According to recent survey results, however, $1 million is only enough to feel “financially comfortable” today.
In this infographic, we’ve visualized several money milestones to give you a better idea of what it really takes to be wealthy in America.
Net Worth Milestones
This table lists the data used in the above infographic.
It covers data on what it takes to get into the top one percent for wealth in key states, along with broader survey results about what net worth thresholds must be crossed in order to be considered “comfortable financially” or even “wealthy”.
|Milestone||Source||As of Date||Net Worth (USD)|
|What it takes to be in California’s top 1%||Windfall||2020||$6.8M|
|What it takes to be in America’s top 1%||Knight Frank||2021||$4.4M|
|What it takes to be in New York’s top 1%||Windfall||2020||$4.2M|
|What it takes to be wealthy in America||Charles Schwab survey||2022||$2.2M|
|What it takes to be in the UK’s top 1%||Knight Frank||2021||$1.8M|
|What it takes to be financially comfortable in America||Charles Schwab survey||2022||$774,000|
|What it takes to be in Mississippi’s top 1%||Windfall||2020||$766,000|
|The average American’s net worth (median)||Federal Reserve||2019||$122,000|