Americans Feel Rich with $2- to $3-Million

A majority of Americans would feel rich with $2-million to $3-million, according to a new survey by Money

Las Vegas, NV, May 15, 2013 --( A new survey shows that a majority of Americans would feel rich with $2-million to $3-million. The poll conducted by upstart financial website Money found that 52% of those polled would be financially secure with that amount of money.

In these tough economic times only 22% said they would need $5-million or more in the bank or under their control to feel rich. Slightly more than one-in-four or 26% said they would feel secure with only $1-million in their possession. The online poll was taken over a two week period, ending Tuesday.

A good retirement fund starts with $500,000 for the average worker, according to a report by Money Journal. However, living on $25,000 a year for a couple or a two-person household would only last 20 years with $500,000, not considering or including any sort of interest the money would yield over the period. Many financial analysts recommend saving a larger nest egg for a two person household.

Financial experts in business, including stocks, bonds, real estate and banking provide detailed reports and financial forecasts for consumers to better protect themselves in the world of finance and save money at Money There are lots of ways to save money on all sorts of products and services provided through the website on everything from a home mortgage to power bills to the price of a tank of gas.

Money Journal regularly surveys visitors to its website on issues related to consumer financing in order to gain the pulse of consumers. Take the new Money Journal survey. It’s anonymous.
Money Journal
Rick Hanson