When Schwab surveyed Americans again between June 25 and July 2, it found they'd drastically lowered their markers of financial success, saying it takes a net worth of $655,000 to be comfortable and a net worth of $2 million to be wealthy, on average.Interestingly, the Gen Xers who participated in the survey reported the largest adjustment to ideal comfort and wealth levels between January and June.
"In both our survey results and the client behavior we've observed since March, we're seeing a high percentage of people engage with their money and investments, and in many cases seek more help and guidance to make sure they're on the right track," Craig said. It's not that people's basic level of expenses have gone down during the pandemic — we're all still paying for food and shelter and making debt payments as best we can.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lean and mean business strategy blew up during coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Visa's payments volume plummeted in its most recent quarter due to the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How the pandemic changed Americans' Starbucks routine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google is about to show us just how much damage the pandemic has done - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »