How much do you need to be “wealthy”?

Wealth is often associated with financial abundance. However, when you look at the things that bring you joy and give you purpose, it might not be the value of your assets.

Indeed, a February 2025 report from HSBC suggests the younger generation is less likely to define wealth by how much they have in the bank. It’s an approach that may help you identify what’s most important to you.

It’s not a new trend either. In fact, the new understanding of wealth could be returning to its roots. The origin of the word “wealth” links back to the Old English word “well”, which is also the same root as words like “wellbeing”, “welfare”, and “wellness”.