The definition of “rich” depends on who you ask, but having a couple million dollars at your disposal is a pretty good place to start.
In its 2024 Modern Wealth Survey, Charles Schwab found that Americans think it takes an average net worth of $2.5 million to be considered wealthy. Unless you were born rich, you’ll need a combination of hard work, good income, smart money decisions and luck to attain that level of wealth.
