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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.
Originally posted by David9176
"Fidelity noted the wealthiest 5 percent of Americans hold more than 55 percent of the nation's wealth."
I think if everything were disclosed, the top 5% would own much more than that. They are obscenely and grotesquely wealthy compared to the rest of us.
Originally posted by Turq1
Yet a 10 year old though would feel incredibly rich with say $100 a month. Bizarre really.
I think it's fair to say on the whole, we are really an ignorant bunch.