Are you wealthy (2 mill.) or just comfortable (1 million)?

[marylander1940]

The answer is not that simple and also depends on where you live. To no surprise is easier to be wealthy in the South but gentrification and people moving to some states might change it soon. 

 

How much money you need to be considered wealthy across the U.S.—it's over $2 million in most places

WWW.CNBC.COM

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Americans say you need $2.3 million to be wealthy in 2025, but that number changes depending on where they live.

 

[marylander1940]

Do you need $1 million to be financially 'comfortable'? Answers here.

WWW.USATODAY.COM

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Most people think you need millions to be wealthy. But what if you merely want to be "comfortable"?

 

[+ Charlie]

My late parents would have considered me wealthy now, but they never lived in 21st century Palm Springs. My father would be flabbergasted at what I paid for a simple haircut at the barber yesterday--he would have budgeted that amount for the family to have a holiday dinner at a good restaurant! He knew about money, because he was a credit investigator for Dun and Bradstreet in New York. But, of course, that was 80 years ago, when they had just bought a three bedroom house in the suburbs for $5500, with a 20 year mortgage (a smaller house across the street from me here just sold for $575,000). 

[+ Vegas_Millennial]

I read somewhere (Financial Samurai) that wealthy people should not have more than 40% of their net worth tied up in their house.  So, with $2 Million net worth, someone's house should not exceed $800K.  I've looked, and I can't buy a $800K one bedroom in Manhattan and feel wealthy.  I'm looking at moving to Ft Lauderdale in 2 years, and even $800K there doesn't buy anything that would scream "wealthy".

[Pd1_jap]

I guess I'm poor. Any daddies want to rescue me 🤪

[BeamerBikes]

“Father was well off, very well off.  His considerable income was derived from fireworks, bunting and other patriotic accruements”.  - Ragtime 

I’m supposed to be comfortable I suppose but it’s mainly locked up in a 401k prison. Then in home equity as well….  I gotta get busy living.  I’d rather die while I’m living than live while I’m dying.  
 

[Bokomaru]

$2.3M is wealthy in the Northeast??! News to me. I’d say more like 4.0+. 

[+ Vegas_Millennial]

On 12/6/2025 at 6:53 AM, marylander1940 said:

The answer is not that simple

Are you wealthy (2 mill.) or just comfortable (1 million)?

I wonder what amount is considered "comfortably wealthy"? 😉 

Edited Friday at 09:44 PM by Vegas_Millennial