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The CPA Group, P.C.
4267 Canal Avenue SW
Grandville, MI 49418
Phone: 616-538-0460
Website: www.thecpagroup.com
June 2024
Do You Feel Wealthy?
Making it into the millionaires’ club isn’t what it used to be, at least according to data from an online study by Logica Research in 2023. The respondents, who had a mean household income of $93,000 and median income of $68,000, said that $2.2 million in personal net worth was needed to “be wealthy”. Paradoxically, about half of those same individuals reported feeling well off with an average net worth of only $560,000. The chart summarizes how 1,000 survey respondents across America described what wealth means to them.
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