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Story summary
- A financial analyst identifies net worth thresholds for American households: poor <= $20,856; middle class average $193,000; wealthy around $1.6 million; top 1% above $11.6 million.
- This analysis contrasts with Schwab's survey, which defines financial comfort at $778,000.
- Wealth inequality is worsening, with the top 1% controlling 31% of wealth.
- 55% believe U.S. President Donald Trump’s policies have worsened the economy, particularly affordability.
