Most people would love to be in a position where money is no longer a concern. To have the ability to go shopping or go out to eat and not worry about what something costs. But how much money does it take to be in that position? Is it a million dollars in the bank, or is it more than that?
According to a recent Charles Schwab survey, Americans say it takes roughly $2.3 million in net worth to actually feel wealthy, while they’ll need $839,000 to feel financially comfortable. However, the feeling of being rich comes more from financial stability and freedom than just a number.
