This is exactly how much money you need to call yourself rich

This is exactly how much money you need to call yourself rich in 2023

When asked to define wealth in their own words, 40% of Americans mentioned well-being, followed by money and assets.twice the number that mentioned money.

“There’s a disconnect between how people define wealth for themselves versus how they define it for others,” Oonnoonny said. Simply being able to afford a lifestyle similar to a friend’s made Gen Z and millennials feel wealthy, compared to 39% of Gen X and 31% of boomers. Younger consumers are also more motivated to spend money based on what they see scrolling through Instagram and TikTok with 55% and 46% of Gen Z and millennials saying social media influencers drive their financial decisions.

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