Americans Now Need $2.5 Million to Be Considered Wealthy: Charles Schwab Survey

In San Francisco, it takes $4.4 million to be considered wealthy, the highest in the country, according to the survey.

People walk through a shopping area in New York City on June 7, 2021. Angela Weiss/AFP via Getty Images

The amount of money required to be seen as rich has risen over the past years amid inflation, with younger people having a lower wealth benchmark, according to a recent survey by financial services company Charles Schwab.

“Americans now think it takes an average of $2.5 million to be considered wealthy—which is up slightly from 2023 and 2022 ($2.2 million),” an Aug. 21 statement by the company reads.