Here’s the net worth you need to be in the top 10% of Americans — why it’s a lot higher than you might think

Group 1 - The concept of wealth is relative, and tracking net worth against national averages can provide insight into financial progress [1][2] - The Federal Reserve's Survey of Consumer Finances indicates that the median American family has a net worth of $192,900, meaning households above this figure are doing better than half of the population [3] - To be considered in the top 10% of American households, a net worth of at least $2 million is required, highlighting the exclusivity of this wealth bracket [5] Group 2 - A net worth above $1,063,700 places individuals wealthier than the average American, but this figure is skewed by ultra-wealthy individuals [4] - Wealth management services, such as those offered by Range, are essential for high-net-worth individuals to manage their wealth effectively [5][6] - Range provides 24/7 expert advice and personalized strategies, including complex financial planning services [6]