Fewer than 20% of Americans, across age groups, equate financial success with being a millionaire, per Bankrate’s 2024 Financial Success survey released last week. A big reason for that might be that $1 million is hardly a windfall in today’s economic environment. Rather, financial success is more a feeling than a hard number, and the feeling workers are after is comfort.
“Living comfortably,” respondents told Bankrate, means being able to afford day-to-day expenses while still being able to save—and get rid of debt. For each individual, that number is likely to vary, which is why the million-dollar mark is virtually meaningless.
