Brian Dudley CFP®, Senior Vice President, and Financial Advisor at Wealth Enhancement Group was quoted by GOBankingRates in “8 Signs You’ve Jumped From Middle Class to Wealthy.”
“To be wealthy, one needs to have assets that can withstand a long-term level of living without compromising themselves financially,” Dudley said. “This can’t be defined by a general number, in my opinion. However, there are studies that try to put a number to that question. In Schwab’s 2023 Modern Wealth Survey, people believe it takes an average net worth of $2.2M to be considered wealthy.”
Access the full article authored by Angela Mae here.