Although there is no limit to material wealth, there is a lower limit to the amount of money a person needs to feel financially secure, comfortable and wealthy. Here is a study conducted by Bankrate, a consumer financial services company based in the United States , that answers the question of how much money is needed to feel wealthy. However, there are other interesting data that emerge from the study. For example, the amount of money that will allow a person to feel secure and comfortable has increased significantly compared to previous years. Let’s take a look at the details of the study that revealed the amount of money needed to feel wealthy.
A US-based company called Bankrate has conducted a study to answer the question of how much money one needs to earn to feel rich.
As part of the research, more than 2,400 people participated in the company’s Financial Freedom survey, which determined how much money people need to feel wealthy.
According to the study, a person needs $520,000 per year to feel wealthy and financially secure
So the cost of feeling rich is approximately 17 million TL in Turkish Lira.
The remarkable study reveals that the amount of money needed to feel rich varies from generation to generation
For example, according to the Baby Boomer generation, born between 1946-64, the cost of feeling rich is $556,000 per year. Generation X (born between 1965-80) needs $574,000 per year to feel rich. Generation Z, born between 1981-1996, says they need $480,000 per year to feel rich. Finally, for Generation Z, the cost of feeling rich is $461,000.