The Lone Star State may be the second-biggest state in the country, but it’s certainly not the most expensive. In fact, the Missouri Economic Research and Information Center ranks it as the 14th most affordable place to live. Texas’ overall cost-of-living index is well below the national average at 92.1. The only thing pricier compared to other states is utilities. That being said, the net worth needed to be considered upper class is still high. Here’s what it is and what factors influence it. Find Out: ...

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 55 and would like to retire now with a $3 million total net worth. I’m assuming my net worth will grow, on average, 5% until I’m eligible for Social Security. My house is paid off and my lifestyle is simple. I can live with $5,000 per month. Am I making the right decisions? – Peter At first blush, supporting $5,000 in monthly living expenses on $3 million seems like an easy feat. But I like to start by ...

WHAT IS JUSTIN SUN’S NET WORTH?Justin Sun is the founder of TRON, the CEO of BitTorrent, majority owner of Poloniex and HTX and a confirmed multibillionaire.But how much is he really worth? Our research team did a deep dive into Justin Sun’s on- and off-chain net worth. Check out our article below. ...

Jeff Bezos, founder and former CEO of Amazon.com Inc. (NASDAQ: AMZN), has a net worth of just over $246 billion. ...

Your future net worth depends less on what you buy,and more on what you refuse to sell. ...

This is a big narrative violation.@cojobrien shows the median AND the average American family net worth is hitting new all-time highs. https://t.co/3BbB5cQUvt ...

See how your net worth compares to others your age, why it matters more than income or savings, and how it can help you track and improve your financial progress. https://t.co/DVrlSXNz2g ...

Core Insights - The average U.S. household net worth is reported at $1.06 million, but this figure is skewed by a small number of ultra-wealthy households, with the median net worth significantly lower at $192,900 [2][3] - The disparity between average and median net worth highlights economic inequality, as half of U.S. households possess less than $192,900 in total assets [3] - Rising housing prices and costs of living are outpacing income growth, making it difficult for many to benefit from their reported net worth [6][9] Net Worth Composition - Net worth is defined as total assets minus liabilities, with assets including cash, investment accounts, real estate, vehicles, and life insurance [4][8] - Liabilities encompass mortgages, car loans, student debt, and credit card balances, which can significantly impact net worth calculations [4] Economic Context - The average U.S. home value has increased to $363,932, reflecting a 0.1% rise over the past year, complicating homeownership for first-time buyers [6] - The average cost of a new car is now $48,039, which is nearly equivalent to the U.S. median income, indicating a strain on consumer finances [9]

Core Insights - The article discusses the financial benchmarks that define "upper class" status in the United States, particularly focusing on net worth and income levels. Income and Class Definition - A household income of $117,000 to $150,000 qualifies as upper-middle-class in most U.S. cities [1] - The distinction between upper class and upper-middle class is often based on net worth rather than just income [2] Net Worth Criteria - A net worth of at least $1.5 million is commonly considered necessary to be classified as upper class in one's 40s, with some experts suggesting a figure of $2.5 million [3] - This level of wealth provides financial resilience against significant setbacks, such as job loss or market downturns [3] Asset Management - Simply reaching the net worth threshold is not sufficient; the structure of assets for protection and growth is crucial [4] - Diversification beyond traditional stocks and bonds is emphasized, with tangible assets like precious metals being recommended as a defensive strategy [5] Tax Considerations - Wealth management becomes more complex with increased income, necessitating a focus on tax efficiency to minimize liabilities and enhance wealth growth [6] Liquidity - Having accessible cash is highlighted as an important aspect of wealth management [7]

Almost one-fifth of US households now have a net worth of more than $1 million — on paper, notes @allisonschrager, which means they're not as rich as they think they are (via @opinion) https://t.co/pYtOhLNrdp ...