what net worth is considered rich
Oneâs age â and peer group â has a lot to do with oneâs perspective on wealth. In the Spectrem Groupâs 2013 survey, 45% of Gen X and Gen Y investors (basically, those 40 and under) said a person needed a net worth of at least $1 million to be rich. Among investors ages 60 and older, however, only 22% said someone with $1 million was rich.