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However, the way Americans define wealth appears to be changing, a new survey finds. Billion Photos / Shutterstock.com
Americans say you need $2.2 million to be considered wealthy — yet, 48% of them say they feel wealthy despite having an average net worth of $560,000. What seems like cloudy logic becomes clearer when you ask these folks to fully explain their concept of “wealth,” according to Charles Schwab’s seventh annual Modern Wealth Survey, which polled 1,200 people. Although many of the respondents who…
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