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Read previewAn Nvidia engineer who makes $250,000 a year said the amount employees make at the chip giant was "not as rosy" as some might think. He told Business Insider that while some Nvidians may be lucky enough to be millionaires, "a million doesn't go too far." The software engineer didn't want to be identified as he's not authorized to speak to the media. AdvertisementThat means that a Nvidia employee earning $1 million a year may not be considered rich in a place like San Francisco. "I'm really happy with the price Nvidia stock is trading at."
Persons: , didn't, he's, There's, Charles Schwab, I'm, I've, it's, Jensen Huang, HWA CHENG Organizations: Service, Business, Nvidia, Microsoft, Apple, Social Security, Charles Schwab Modern Wealth Survey, HWA, Getty, Bloomberg Locations: Coast, California, San Francisco, India, AFP
Houston: $2.1 millionAverage net worth it takes to be "wealthy": $2.1 millionAverage net worth it takes to be "financially comfortable": $606,000How many people feel wealthy: 39%10. Atlanta $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $729,000How many people feel wealthy: 43%9. Chicago: $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $817,000How many people feel wealthy: 38%8. Dallas: $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $820,000How many people feel wealthy: 40%7. Seattle: $3.1 millionAverage net worth it takes to be "wealthy": $3.1 millionAverage net worth it takes to be "financially comfortable": $1 millionHow many people feel wealthy: 41%2.
Persons: Charles Schwab, Organizations: Charles Schwab Modern Wealth Survey, Service, Atlanta, Dallas Locations: Seattle, New York, Houston, Chicago, Denver, Boston, Washington, San Francisco
Many Americans feel wealthy — but don't necessarily measure it in dollars and cents. Well-being, not money, has become the leading measure of wealth for most adults today, according to the new Charles Schwab Modern Wealth Survey. It takes an average net worth of $2.2 million to be considered "wealthy," the survey found — but that's the estimate respondents gave for other people. Yet their average net worth is $560,000 — about a quarter of what they think others need to be rich. For millennials who say they feel wealthy, their average net worth is about $530,000.
Persons: Charles Schwab, Gen Z, X Organizations: Charles Schwab Modern Wealth Survey, Finance, GOP
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