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The pandemic has made it cheaper to be rich – The Australian Financial Review
Brokerage giant Charles Schwab’s annual survey on what it takes to be considered wealthy shows the figure has fallen by about 17 per cent.
Nothing like a pandemic to focus the mind on what really matters.
Every year, brokerage giant Charles Schwab has 1000 people between age 21 and 75 surveyed to find out what they think it takes to be considered wealthy. The magic number, across all the participants, was about $US2.4 million for 2017, 2018 and 2019. Snore.
The figure dropped even more, by 23 per cent, when measured over just the past six months. Phil Carrick
This year, however, the figure has fallen about 17 per cent to $US2 mi…
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