A million dollars is not what it used to be.
Only 36% of American millionaires consider themselves wealthy in 2025, according to new research from Northwestern Mutual.
The finding comes from the 2025 Planning & Progress Study, updated in early November. It draws on a Harris Poll survey of 4,626 Americans, including 969 people with household investable assets greater than $1 million.
Even the wealthiest Americans worry about money, the study found. They fret about having enough of it, deciding how to spend it and whether to pass it on to heirs.
Lemmyoutofhere@lemmy.ca 20 hours ago
Can’t even retire with only a million these days.
PlantJam@lemmy.world 18 hours ago
Just work until you’re 80, then a million is plenty to get you through to either 90 or the first time you get sick.
LifeInMultipleChoice@lemmy.world 18 hours ago
I’m pretty sure if someone gave me a million dollars as someone who doesn’t have anything in the bank at 36 right now, I could retire tomorrow without an issue. It wouldn’t be a life of luxury, but it would be better than I’m living now
Sc00ter@lemmy.zip 17 hours ago
Interest could net you around 45k a year. While thats not inconsequential, thats also not allowing for any growth, so itd be 45k every year, only. Based on historical data, thatd be about the same buying power as $15k in 40 years.