According to a recent Ameriprise Financial report, only 13% of millionaires think they are wealthy. This proves that class and wealth are two different things. Young people can get enough money, but if they live in expensive megalopolises, they spend all their money on current needs.
The problems of millionaires
Millionaires have impressive incomes and a financial airbag, but still do not believe that they are rich. In a recent Ameriprise Financial study, about 3,000 wealthy Americans between the ages of 30 and 69 were surveyed. Respondents had assets that could be invested, and more than 700 of them were millionaires. The remaining millenials had at least $ 100,000 in savings in their accounts.
But the most amazing thing is that when they were asked how they classify their economic status, only 13% called themselves wealthy. Most identified themselves as the middle class. And about 3% even described themselves as poor. The exact condition of each respondent is unknown, but they all chose a range of $ 1 million when they were asked to describe their total investment assets.
Is there always enough money?
“The reality is that even people who receive seven-figure amounts per month are not happy with how much they have,” says Marcy Kekler, vice president of financial advisory strategy. - The fact is that they usually have many financial goals, desires and needs, which are not easy to provide. It turns out that even those who have achieved a lot have to carefully plan their expenses. ”
It turns out that the dream that “when I make a million, I have enough for everything” is in vain? Ameriprise Financial study proves that money is a relative concept that has almost no effect on people's worldview.
In 2019, Charles Schwab conducted a survey among Americans, which showed that wealth for them is the presence in the bank of at least $ 2.3 million. Another Insider study found that people who earn less than $ 50,000 feel rich and those who earn more than $ 100,000 feel poor. It provides food for thought, right?