Millennials think it takes a personal net worth of nearly $2 million to be wealthy, according to Charles Schwab's 2019 Modern Wealth Survey.
This nearly $2 million target number is roughly 20 times the median net worth of US households — $97,300, according to the. But it's also lower than what most Americans believe it takes to be truly wealthy, according to the survey — $2.3 million.
And yet, most millennials say they don't define wealth primarily as a number — more than three-quarters of millennial respondents said feeling wealthy isn't about the dollar amount, but about how they live their lives.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Immigration Cops Just Spent A Record $1 Million On The World's Most Advanced iPhone Hacking TechU.S. immigration cops just spent a record amount on iPhone hacking equipment, amidst an outcry about warrantless border searches of travelers' phones
Read more »
After hyping a $1-billion Star Wars land, how does Disney get visitors to leave?Disneyland's biggest expansion, Star Wars: Galaxy's Edge, will be available to reservation-holding visitors for a four-hour window. But getting parkgoers to leave may not be easy.
Read more »
Gov. Gavin Newsom wants to double spending on homelessness — to $1 billionInsisting that a fiscally responsible government can also aid those in need, Gavin Newsom sent lawmakers a budget that builds on his earlier efforts to address poverty and homelessness while forecasting the largest tax revenue windfall in state history
Read more »
Steve Bullock raises $1 million in first 24 hours, campaign saysMontana Gov. Steve Bullock raised $1 million from donors in all 50 states in the 24 hours after he launched his 2020 presidential bid, his campaign announced Wednesday.
Read more »
Report claims Trump's taxes show $1 billion in business lossesDonald Trump’s tax returns spanning a decade were reportedly reviewed by The New York Times, and allegedly reflect hundreds of millions of dollars in business losses during the 1980s and 1990s. Joy Reid and her panel discuss.
Read more »
Lyft’s revenues double, losses quintuple—and prospects darkenAlthough Lyft posted quarterly revenues of $776m, the company also recorded a loss of $1.14bn
Read more »
24. FlexportMoving $1 trillion in freight forward
Read more »
Japan's Rakuten profit jumps fourfold on $1 billion Lyft stake gainJapanese e-commerce firm Rakuten Inc's first-quarter operating profit jumpe...
Read more »
Will China use its $1.2T of U.S. debt as firepower to fight the trade war?Uncertainties on how escalating tensions will unravel have hurt markets this week.
Read more »
Another $1.5B in military funds to be diverted to border, top Democrat saysThe Trump administration is ready to send another $1.5 billion in Pentagon funds toward more barriers on the U.S.-Mexico border
Read more »