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According to a new survey by Charles Schwab, the average American thinks it takes an average of $2.5 million to be considered wealthy in 2024, which is up from $2.2 million in 2022 and 2023.The survey found that young adults, those in Gen Z, thought it only takes $1.2 million, while baby boomers, on average, think it takes $2.8 million to be wealthy.Concerning what it takes to live comfortably, the average American said they believe it takes about $778,000. The average baby boomer said it takes about $780,000 to live comfortably, while someone in Gen Z says it takes $406,000.RELATED STORY | Federal interest rates will not drop until at least September, officials announceMembers of Gen X said it takes $873,000 to live comfortably, the survey found.The survey also found that very few Americans consider themselves wealthy. All told, 10% said they are wealthy, but an additional 21% said they re on track to become wealthy.Millennials were most likely to consider themselves to be wealthy, while baby boomers were least likely, the poll found. Wealth means different things to different people, whether its financial fre
stanley thermos mug stanley cups edom, enriching experiences with friends and family, or a certain dollar amount, said Rob Williams, managing director of financial planning at Charles Schwab. Our survey reinforces that people with a written financial plan are more confident about achieving their personal financial goals. Financia
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A boy who loved to visit a music store in Colorado received a generous gift from an anonym
stanley spain ous customer.A post on the J.B. Hart Music Co., Inc. Facebook page says Fallon, for years, would visit the Grand Junction store and ask to play the Pantera guitar, meaning the Dean Dimebag Darrell ML Guitar. We were shocked he knew some Dimebag riffs, the post says.Fallon, who has Williams syndrome, a rare genetic disorder, was playing the guitar at the store when a customer took notice, according to the post. It moved this customer so much he returned to the store later, purchased the guitar, and asked us to give the guitar to Fallon anonymously the next time we saw him, the post says.The guitar had been sitting in the store for eight months. Unbeknownst to the people at the store, Fallon had moved to Texas.To their surprise, he visited the store over the ho
stanley website lidays when he was in town for a visit. Fallon and his family had no clue a guitar was there waiting for him. It was a wonderful experience to gift Fallon his dream guitar as a gift from a kind stranger, the post says. His mom burst into tears, and Fallon beamed with excitement. It was a special moment. There are still good people in thi
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