Some 42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy.So, how much is enough? $7.5 million is the magic number.
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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Windmills Tilted, Scared Cows Butchered, Lies Skewered on the Lance of Reality ... or something to that effect.
Windmills Tilted, Scared Cows Butchered, Lies Skewered on the Lance of Reality ... or something to that effect.
Tuesday, March 15, 2011
Is A Million Bucks Enough to Make You Feel Rich?
A million bucks ain't what it used to be. Heck, it's not even enough to make (rich) people feel rich anymore:
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