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Tuesday, May 15, 2018

Want To Be Rich? Here's How Much Money You'll Need To Pull That Off


According to Charles Schwab's annual Modern Wealth Index, some people define "wealth" as "living stress-free and spending time with loved ones were." And just 11 percent of survey respondents said their definition was “having lots of money.” But when asked to put a number on what they consider wealthy, $1.4 million would make them financially “comfortable,” whereas $2.4 million would make them “wealthy.” But there were generational differences to the answers Baby boomers said $1.6 million would make them comfortable and $2.7 million would make them wealthy, while Millennials said just $1.3 million and $2 million, respectively. Gen Xers fell between the two cohorts, saying $1.4 million would make them feel comfortable and $2.6 million would make them wealthy. https://ift.tt/2GhJpAM http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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