The 2025 Beyond Wealth Report for Wealthy Americans from First Citizens Wealth examines how individuals with at least $500,000 in investable assets are managing their finances amid economic uncertainty. The study was conducted in partnership with Logica. Based on a survey of 1,100 wealthy Americans, the study explores attitudes toward wealth, financial decision-making, retirement expectations and legacy planning.

Financial confidence remains high despite rising stress

More than half of wealthy Americans report feeling somewhat or very stressed about their finances, driven by inflation (62%), market volatility (44%) and changes in government policy (42%). At the same time, most remain confident, though gaps persist in areas such as tax planning and retirement readiness. In response, many are making adjustments. Thirty-eight percent are cutting back on luxury spending, while others are increasing retirement savings (30%) and investments (24%).

Diversification and advice shape financial strategy

Wealthy Americans continue to build wealth through a mix of investments (89%) and income from work (75%), with more drawing from multiple sources such as business ownership and equity compensation. As finances become more complex, three in four now work with a financial advisor, citing expertise, preparedness and reduced stress as key benefits.

Retirement expectations rise as planning gaps remain

The report shows the average expected retirement age has increased to 65, while savings remain flat at $1.6 million. Non-retired individuals estimate they will need $4.1 million to retire comfortably, highlighting a gap between expectations and current savings. Legacy planning also remains uneven. While most feel prepared to transfer wealth, many lack formal plans, with half reporting they do not have an estate plan.

To learn more, access the study here: https://www.firstcitizens.com/wealth/insights/business-planning/beyond-wealth-report

About the study

First Citizens Wealth’s 2025 Beyond Wealth Report for Wealthy Americans was conducted in partnership with Logica Research. The study is based on an online survey fielded in August and September 2025 among 1,100 U.S. adults with at least $500,000 in investable assets.