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