Brain -> U.S. millionaires say $7 million not enough to be rich (3/14/2011 7:15:26 PM)
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I suppose this explains why people think they pay too much taxes or maybe it’s extravagant lifestyles and keeping up with the Jones. On the other hand Michael Jackson probably didn't think he was rich either with all the money he was spending and almost going bankrupt. U.S. millionaires say $7 million not enough to be rich NEW YORK (Reuters) - A million dollars ain't what it used to be. More than four out of ten American millionaires say they do not feel rich. Indeed many would need to have at least $7.5 million in order to feel they were truly rich, according to a Fidelity Investments survey. Some 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." http://www.rawstory.com/rs/2011/03/14/u-s-millionaires-say-7-million-not-enough-to-be-rich/ [image]local://upfiles/392475/8B648F7B8B4C4E7FA5BE2BB2EE8D343C.jpg[/image]
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