Here's how much money Americans think you need to be considered rich


When it comes to defining wealth, Americans are split, with some describing it as a specific dollar amount and others as a state of mind.

That's according to a new survey from Charles Schwab, which asked 1,000 Americans to complete the following sentence: "To me, 'wealth' means ..."

Here are the top five sentiments among those surveyed:

Participants were also asked how much money is required to be considered "wealthy" in America. "Survey respondents say it's an average of $2.4 million," Charles Schwab reports, "or nearly 30 times the actual median net worth of U.S. households, according to the U.S. Census Bureau."