Each year is needed more

Every year, the goal of reaching Rico’s status seems to get a little more for most mortals. The gene generation, the youngest in join the labor market and to start being economically independentis the one that best understands this new economic scenario.

Living comfortably costs more than ever. According to data from the ‘Modern wealth survey 2025‘Prepared by the consultant Charles Schwab to more than 2,200 Americans, to have a accommodated situation an American would need about $ 839,000, a figure far greater than the $ 778,000 that were needed in 2024 or the 624,000 dollars that were needed in 2021 to live quickly. This constant increase demonstrates that financial stability is an objective every time more difficult to achieve.

These figures refer to having a accommodated financial situation, but the threshold to be considered rich It moves away every year from the rise of the six figures, and every year that passes it becomes more difficult to reach that status.

The richness threshold also rises. To be considered rich in the United States, it is no longer enough to exceed one million dollars. In fact, according to Study data Charles Schwab need 2.3 million dollars to be considered a rich person. In 2021, 1.9 million dollars were needed to reach this status.

Although this figure represents a slight moderation with respect to the 2.5 million dollars that were required in 2024, it remains a very high bar for the majority of the population. This change reflects that the perception of wealth is dynamic and responds to both economic factors and social expectations. The money needed to feel rich varies, but the general trend is still upward driven by factors such as inflation, the deterioration of the economy or the increase in fiscal pressure.

Beyond money: What does it mean to be rich? The survey also reveals that money is not the only factor to feel rich. 45% of respondents claimed that money was nothing if it was not accompanied With personal happiness. In the end, the popular saying that Money does not give happiness.

In addition, 37% of respondents said that the feeling of wealth should be accompanied by physical health, and 32% highlighted the importance of mental health to fully enjoy their heritage.

When asking those who are already considered millionaires, 83% of them feel rich in terms of personal relationships and happiness, while 81% consider that an important part of their wealth is to have enough free time to enjoy it.

Generational differences regarding money. The perception of what it means to be accommodated varies greatly according to the generation that is asked. For the Young people from generation Z$ 329,000 are enough to feel economically accommodatedwhile for the Baby Boomers the threshold amounts to 943,000 dollars. Millennials are considered accommodated with $ 847,000 and generation X with $ 783,000.

The Z generation, accustomed to austerity, is the one that demonstrates Best planning of your goals Financial 39% of these young people have an established financial plan and 43% of them have at least thought about it. In contrast, 45% of babyboomers have not even thought about it, and only 26% have planned their financial future.

In Xataka | The Z generation is facing precarious salaries and triggered rentals: it will soon be the richest generation in history

Image | Unspash (IGAL Ness)

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