Having $2 million in assets places an individual comfortably within the high-net-worth category, well above the national median net worth for households. Whether it is considered "wealthy" depends heavily on geographic location, lifestyle expenses, and whether those assets are liquid or tied up in illiquid holdings like real estate or retirement accounts. In high-cost-of-living metropolitan areas, $2 million provides a comfortable, secure upper-middle-class retirement or lifestyle, whereas in lower-cost regions, it represents substantial wealth capable of generating significant passive income through conservative investments.