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How Much Would You Need to Be Wealthy?

Are you wealthy if your assets are more than $1 million? A survey by Fidelity Investments of 1,000 millionaires found that 42 percent of them didn't feel they were wealthy. In fact, many of them said the magic number to be wealthy was $7.5 million. The survey respondents had $1 million in investible assets that did not include real estate or retirement accounts. The average age of those surveyed was 56 years old with $3.5 million in investible assets. Interestingly, as the age of the respondent rose, so did the amount of what they considered enough to be rich. 

 

How much money would you need before you believed yourself to be wealthy? For more about this report, click here.

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