The 2025 Charles Schwab Modern Wealth Survey shows that the net worth considered 'wealthy' has declined to $2.3 million. Americans increasingly associate wealth with happiness alongside financial measures. Influences include inflation, high housing costs, and interest rates affecting mortgage affordability. Experts note the importance of owning real estate, emphasizing home equity and smart investing. The survey indicates that a significant portion of respondents view the cost of living as a major barrier to wealth, highlighting a shift in priorities towards homeownership and financial security over just high salaries.
"Wealth isn't just about income. It's about what you own and how liquid or productive those assets are. That's why I always emphasize home equity, smart investing, and managing cash flow over chasing a bigger paycheck."
"The decline in the dollar figure reflects a shift in American values, with more people prioritizing homeownership, financial stability, and smart investing over simply having a high salary."
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