BEST OF TALKING MONEY: How much money do Americans say you need to be wealthy?

Show aired on January 24th, 2024

According to a recent Modern Wealth Survey conducted for Charles Schwab, Americans say you need $2.2M to “be wealthy.” The numbers drop significantly when those same people were asked how much they need to “feel wealthy.” On this program, Mike looks at how different generations from Gen Z to Boomers view wealth from a numbers perspective and from what being wealthy really means to them. Which would you say is more important: having a fulfilling personal life or having a lot of money?

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Though Mike Miller is an employee of Ronald Blue Trust, Talking Money^® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.

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