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Net Worth: How much the rich consider "rich"
Only 22 percent of respondents to a new survey of affluent households thought $1 million is enough to be considered rich.
Once upon a time, a million dollars was considered a lot of loot. Not anymore, apparently. Only 22 percent of respondents to a new survey of affluent households thought $1 million is enough to be considered rich. When asked how much it would take to reach that echelon, 45 percent chose $5 million, 25 percent selected $25 million, and 8 percent picked-wait for it-a whopping $100 million.
The survey defined "affluent" households as those with investable assets of $500,000 or more. It was conducted by Millionaire Corner ( http://www.millionairecorner.com), a newly launched website that offers podcasts, blog posts, and forums to help the affluent build wealth and manage their money.
