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Indeed, that is the suggested amount of wealth that you should have to operate with regards to the CR system.
Just a guideline really, but a tool that can help out some GM's. Don't worry if your under it. If your over it your GM might be dishing out too much cash and you might notice things getting a bit easy unless your spending that coin on strange things.

Brf |
You, as GM, should know how much XP and treasure your encounters are giving. You should be balancing the treasure to the XP so their wealth is enough when they level-up.
That is why there is three columns on the treasure-per-CR chart, so you have the correct amount of treasure matching the fast/slow level chart you are using.