{"id":404912,"date":"2026-04-22T10:01:15","date_gmt":"2026-04-22T10:01:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/404912\/"},"modified":"2026-04-22T10:01:15","modified_gmt":"2026-04-22T10:01:15","slug":"visa-says-youre-in-the-top-10-of-households-if-your-combined-net-worth-is-above-this-number","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/404912\/","title":{"rendered":"Visa Says You’re In The Top 10% Of Households If Your Combined Net Worth Is Above This Number"},"content":{"rendered":"


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While social comparison can be a buzzkill, it can also serve as a guidepost for those looking to reach certain savings or earnings goals. While trying to make it into the top 2% of household net worth<\/a>\u00a0might be too extreme of a goal, getting into the top 10% could be more doable. According to a November 225 report from Visa Business and Economic Insights<\/a>\u00a0(VBEI), households with a net worth of at least $1.8 million, or an annual income of at least $210,000, qualified as among the top 10% in the U.S. in 2024 -\u2013 with around 12.2 million households qualifying. It’s worth noting that this is a far cry from the $839,000 that Americans think they need to live comfortably<\/a>, but considerably less than the top 10% affluent net worth of retirees<\/a>.<\/p>\n

Plus, this qualifying threshold has risen considerably in recent years, with the top 10% net worth threshold being $1.3 million in 2019. With this in mind, it’s worth considering how your specific geographic region can, and does, impact your top 10% net worth threshold. For example, the VBEI report notes that those living in California face a higher threshold -\u2013 $2 million in net worth or $236,000 in annual income -\u2013 than residents of lower cost states. In comparison, a net worth of $1.6 million, or $182,000 in annual income, would qualify you as top 10% in Arkansas. With that said, you might be surprised by who makes up the top 10%, and what they spend on.<\/p>\n

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Understanding the top 10% of households<\/p>\n


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The VBEI report highlights that those in Generation X (born between 1965 and 1980) have the largest representation among top 10% affluent households -\u2013 making up 57% of them. However, due to financial obligations unique to their circumstances -\u2013 things like taking care of aging parents while also still having financially dependent children -\u2013 they do not comprise the majority of all top 10% affluent spending. Instead, baby boomers (born between 1946 and 1964) make up the highest percentage of affluent spending, at over 40%. Also, in terms of the overall share of affluent spending, top 10% households in the Southern geographic region made up 33% of total affluent spending \u2014 the largest spend share \u2014 while those in the Western region made up 27% of total affluent spending.<\/p>\n

It’s also worth considering just how differently top 10% affluent households spend their money compared to the other 90% of U.S. households. The VBEI report notes that those in the top 10% have higher levels of discretionary spending overall \u2013- spending almost three times more than bottom 90% households -\u2013 but they also maintain this spending into their later years. A good example of this is that those belonging to the top 10% peak in restaurant spending at age 50, compared to those in the bottom 90% peaking at age 39. The top 10% is also more likely to spend more than the bottom 90% on certain categories every month such as apparel, airline tickets, and lodging.<\/p>\n


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