For those aspiring to be officially wealthy, the good news is that nowadays it takes less money.
You no longer need €1 million to be a high net worth individual. All that's required is €50,000 upwards to be a member of the “mass affluent'‘.
The definition of “mass affluent'‘ (MA) or “emerging affluent'‘ varies from bank to bank, but it tends to refer to individuals with liquid assets of between €50,000 and €250,000....
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