A million dollars doesn't mean what it used to, according to a new Northwestern Mutual report.

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.

  • LifeInMultipleChoice@lemmy.world
    12·
    2 days ago

    Most people retire at 65+ with a house paid off as well. Spending 125,000 a year in retirement is a crazy amount. I’d have to go on a $15,000 vacation every other month and have $30,000 left over for food. Id call that living large for sure.

    • Bronzebeard@lemmy.zip
      4·
      1 day ago

      You’ve got a large window at 36. The earlier you retire, the bigger buffer you need. 4.5% is an insanely high withdrawal rate for that time frame. You become very susceptible to any downturn in the market