Americans believe $778k is needed for financial comfort, with San Francisco requiring $1.5m, and housing costs playing a significant role.
A Charles Schwab survey reveals that Americans believe $778k is needed for financial comfort, with San Francisco requiring the highest amount at $1.5m. Net worth thresholds for feeling wealthy ranged from $4.4m in SF to $2.2m in Dallas, while housing costs significantly impacted the differences between cities. Median-priced homes in all surveyed cities exceeded the national median of $412,300.
August 23, 2024
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