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What does it take to be "wealthy?" Survey of millennials explores the question

By LendEDU How much money do you need to make to be considered "wealthy?" A recent survey of millenials (those born between 1981 and 1996) published Tuesday morning by the financial web site LendEDU, revealed that 31% said they believe that it takes an individual income between $101,000 and $250,000 to be wealthy, while another 23% said it takes between $251,000 and $500,000. The 1,000 respondents were divided evenly by income, and 45 percent of low-income millennials believe an annual income between $75,000 and $100,000 is considered wealthy, while only 10 percent of high income individuals think the same. A recent Pew Research Center analysis based on cost of living (based on 2016 data) set the threshold for upper income at

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