2023 Modern Wealth Survey Seattle Area Findings

The document is a report detailing the findings of the Charles Schwab 2023 Modern Wealth Survey specific to the Seattle area. It outlines the perceptions of Seattle residents regarding their financial well-being and the impact of local economic conditions. Key findings indicate that 41% of Seattleites feel wealthy, with a significant portion acknowledging the high cost of living as a barrier to achieving financial goals. The report also presents insights into how inflation affects local finances, with 88% of respondents indicating its impact. Additionally, the survey reveals a shift in how residents define wealth, emphasizing non-financial aspects such as health and relationships over monetary measures. Furthermore, it discusses the role of financial planning, noting that those with a documented financial plan report higher confidence in managing their finances. The survey was conducted among 500 Seattle residents and aims to provide a comprehensive understanding of local financial attitudes and behaviors.