Here's What It Takes to Be Wealthy During COVID-19

At a time when so many Americans are in such a desperate financial situation from the COVID-19 outbreak, it's hard to focus on wealth-building. But it's also important to acknowledge that the pandemic has changed what it means to be wealthy.

Prior to COVID-19, Americans said it took a net worth of $2.6 million to be wealthy, according to a Charles Schwab survey. But Americans have since lowered their expectations in light of the pandemic, and now, they say it takes $2 million to reach that same status.

Of course, accumulating that amount of money in your lifetime might seem next to impossible, especially if your circumstances aren't exactly rosy right now. But actually, now's a good time to map out some financial goals because if anything, that will give you something to look forward to. And here's another thing that might change your outlook for the better: Amassing $2 million may actually be more doable than you'd think.

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Source Fool.com