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most americans do not consider themselves wealthy despite rising wages and assets

A staggering 89% of Americans do not consider themselves wealthy, despite many having significant assets. The definition of wealth varies, with most associating it with financial security, homeownership, and the ability to travel, while rising consumer debt and housing costs hinder perceptions of wealth. Many believe a net worth of $1 million or more is necessary to feel wealthy, highlighting a disconnect between actual wealth and self-perception.
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