You Need to Have $4.2 Million to Be Considered Wealthy in the Bay Area: Report - NBC Bay Area

You Need to Have $4.2 Million to Be Considered Wealthy in the Bay Area: Report

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    Here's How Much You Need to Be 'Wealthy' in Bay Area

    New figures from Charles Schwab show in the famously expensive Bay Area you must have $4.2 million in total holdings to be considered wealthy. Scott Budman reports.

    (Published Monday, April 15, 2019)

    New figures from Charles Schwab show in the famously expensive Bay Area you must have $4.2 million in total holdings to be considered wealthy.

    The figure is nearly double the national average of $2.4 million.

    While earning $115,000 annually puts you in the "well off" category across the nation, Charles Schwab notes you'll need to make more than $300,000 a year to earn that status in the Bay Area.

    NBC Bay Area's Scott Budman has more in the video report above.

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