Business

Americans now view this figure as the benchmark for being wealthy

The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found. The financial services company said in the latest edition of its “Modern Wealth Survey” that Americans now view $2.3 million…

Rent payments could help Americans qualify for a mortgage, FHFA says

Americans will be able to leverage their rent payments to qualify for a mortgage under a new order from Federal Housing Finance Agency Director Bill Pulte.  Pulte, who heads the primary U.S. housing regulator that oversees Fannie Mae and Freddie Mac, posted on X on Tuesday that “credit history will…

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