Friday, March 18, 2011
Helen Kearney, Reuters
Helen Kearney, Reuters
U.S. Millionaires Say $7 Million Is Not Rich
More than four out of ten American millionaires say they do not feel rich. According to a Fidelity Investments survey, many of these plutocrats claim they would require at least $7.5 million in order to feel they were truly rich.
42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy. Respondents had at least $1 million in investable assets, excluding any real estate or retirement accounts.
"Every person in the survey is wealthy," said Sanjiv Mirchandani, president of National Financial, a unit of Fidelity. "But they are still worried about outliving their assets."
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Posted by Editor on 03/18/11 at 10:20 AM •
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