<p>Feeling flush with wealth these days? Neither is anyone else. People think it takes a lot more money to feel well-off now compared to just a year ago, a new survey found.</p>
<p>Kerry Hannon · Senior Columnist Fri, Jul 11, 2025, 10:50 PM 2 min read</p>
<p>How much money do you need to feel financially comfortable? More.</p>
<p>That's the headline from Charles Schwab's 2025 Modern Wealth Survey out this week. Nearly two-thirds of survey respondents say it feels like it takes more money — quite a bit more — to be wealthy today when compared with last year.</p>
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Terms and Privacy Policy</p> <p>The magic number to feel financially comfortable is $839,000 — a big jump from $778,000 in 2024. To be considered "wealthy" people think it takes $2.3 million, up from $1.9 million in 2021.</p>
<p>Why the long faces? The rising cost of living, a sense that the economy is worsening, and high interest rates are to blame.</p>
<p>"People feel like the bar to achieving wealth has gone up as they think about the effects of forces like inflation," Rob Williams, managing director of financial planning at Charles Schwab, told Yahoo Finance. "People are focused on the challenges of the here and now, while their financial futures are harder to grasp."</p>
<p>Read more: What is inflation, and how does it affect you?</p>
<p>Despite that gloomy outlook, a third of Americans think they are either on track or already wealthy, especially younger people, according to the research. More than 4 in 10 Gen Zers are feeling that vibe. As for boomers, not so much — only 2 in 10 baby boomers are feeling flush.</p>
<p>Have a question about retirement? Personal finances? Anything career-related? Click here to drop Kerry Hannon a note.</p>
<p>The survey has findings on the factors that contribute to Americans' personal definitions of wealth. Spoiler alert: It isn't all about money.</p>
<p>"Happiness, health, and relationships are also very important when it comes to feeling wealthy," Williams said. "Many people don't just want more money — they want more meaning, and that's something to keep in mind when you're planning out long-term goals and how to invest.</p>
<p>Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work," and "Never Too Old to Get Rich." Follow her on Bluesky.</p>
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