Tip of the Week: What's Wealthy? (7/12/99)

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	What's Wealthy? Financial Tip of the Week by Deloitte & Touche OnLine July 12, 1999

Sometimes $1 million isn't enough.

See our archive of previous tips on your money, your taxes and your financial plan.

Ever thought you'd hear someone say "only $1 million"? If you've ever thought about what it takes to be wealthy, that figure may not be enough.

A survey by Neuberger & Berman, the investment management and mutual fund company, surveyed 204 affluent Americans about their definition of wealthy.

Some 29 percent said it takes more than $5 million to be considered "wealthy." Half the respondents with assets of $1 million or more said they didn't consider themselves wealthy.

Not everybody will be wealthy, but planning will put you on the right path. See our Personal Financial Advisor section for resources to help you get started.