Remember when you were a kid, and the classic money goal was: “I want to be a millionaire.” Well, good news: The average American in their 50s now has a net worth of $1.1 million to $1.4 million.
That’s true . . . although it’s heavily skewed by SUPER rich people. Most people are not average. They’re either millionaires many times over, or they can’t afford to keep Disney+. The MEDIAN net worth for Americans in their 50s is about $300,000, and that includes property and retirement accounts.
So, since having a million dollars is . . . complicated . . . a new survey asked people what they’d need to say they financially “made it” in life.
The #1 answer was being “financially independent,” and not having to rely on others for money. The average American says they need to make at least $94,000 a year to feel financially independent.
Other popular responses were: Moving up in your career . . . settling into a job that you love . . . making a certain amount of money . . . not having to work at all . . . and being able to spend and pay bills without worrying about money.