Comfort Threshold Rises to $839,000 in 2025
Americans now believe it takes significantly more money to feel financially comfortable. According to Charles Schwab’s 2025 Modern Wealth Survey, the average figure cited to achieve comfort is $839,000 — up from $778,000 just a year ago. When asked what it takes to be considered “wealthy,” respondents put the number at $2.3 million, a notable jump from $1.9 million in 2021.
The rising figures reflect growing concern over the cost of living, high interest rates, and an increasingly uncertain economy. Nearly two-thirds of survey participants said they feel it takes “quite a bit more” money to be wealthy now compared to last year, underscoring how inflation and financial insecurity continue to reshape Americans’ perceptions of wealth.
Economic Anxiety Driving Sentiment Shift
Rob Williams, managing director of financial planning at Charles Schwab, explained that inflation is a key driver of this sentiment shift. “People feel like the bar to achieving wealth has gone up,” Williams noted. As families face everyday cost increases, many struggle to envision a secure financial future.
The impact of high interest rates on everything from mortgage payments to credit card debt is further compounding the pressure. For many, this means adjusting expectations and reevaluating what financial success truly looks like in 2025.
Generational Divide in Perceptions of Wealth
Despite the economic concerns, a third of Americans believe they are either already wealthy or on track to become so. This optimism is more pronounced among younger generations. Over 40% of Gen Z respondents say they feel financially successful, in contrast to just 20% of baby boomers who share that sentiment.
The findings suggest that younger Americans may define wealth more broadly, or may be more confident in their long-term prospects. Meanwhile, older generations who are closer to or in retirement may feel more acutely the effects of inflation and stagnant savings growth.
Wealth Goes Beyond Dollars
While financial figures are central to the conversation, the survey also revealed that Americans define wealth through more than just money. Factors like happiness, good health, and meaningful relationships play a substantial role in how individuals assess their well-being and success.
“Many people don’t just want more money — they want more meaning,” said Williams. As a result, financial planning is increasingly about aligning personal values with investment strategies and long-term goals.
As inflation reshapes financial expectations, Americans are recalibrating what it means to be comfortable or wealthy. While the numbers keep rising, the definition of wealth is expanding beyond material assets to include emotional and social fulfillment. For many, true wealth now lies at the intersection of financial stability and a meaningful life.