Here are the reasons why Americans think they should have over $2 million as minimum net worth to be considered rich.
Americans Think They Need to Have More Than $2 Million As Minimum Net Worth to be Considered Wealthy
In a recent survey released, Americans reportedly believed they need to have more than $2 million as their minimum net worth to be considered rich and live a comfortable life, without thinking about what the minimum net worth would be to live in comfort.
According to a Yahoo Finance report, respondents claimed that a minimum net worth of over $2 million would provide them with the feeling of financial stability and with that amount of minimum net worth, they can already live comfortably, especially for average workers, who feel that six-digit salaries were already not enough to pay debt and bills.
With millions as their minimum net worth, many Americans believed that living in comfort meant they had the means to pay all their expenses, give their families the things they wanted, and have savings for future emergencies.
READ ALSO: What To Avoid When Asking For A Raise If You Are Underpaid – Check The Phrases You Can’t Say!
Americans Believe Having Millions as Minimum Net Worth Will Give Them Comfortable Life Amidst Challenges
Following the survey, Americans believed that having over $2 million as their minimum net worth will give them comfortable life due to economic and financial challenges they are currently facing, which can only be solved with millions of minimum net worth.
With the struggles with low payments, lack of job opportunities, and increasing debts, Americans think that having millions as their minimum net worth would give them the comfortable life they want for themselves and their families.
READ ALSO: New Survey Reveals Financial Independence Challenges Americans
Leave a Reply