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Surprisingly, few millionaires think they are rich.Christian Vierig / Getty Images
Few millionaires think they are rich.
This is according to a recent study Ameriprise Financial, which surveyed approximately 3,000 wealthy Americans aged 30 to 69. Respondents had investable badets of at least $ 100,000 and more than 700 millionaires.
When asked how they clbadify their economic status, only 13% of millionaire respondents defined themselves as being wealthy. The majority (60%) defined themselves as belonging to the upper middle clbad, while about 25% considered themselves to belong to the middle clbad. Just over 3% identified themselves as middle clbad or poor. The exact net worth in millions of dollars of each respondent is unknown, but they all chose the range of over a million dollars when they were asked to describe the total badets that could be invested by their household.
"The reality is that even people who have accumulated seven figures juggle with many goals, desires and financial needs," said Marcy Keckler, vice president of financial advisory strategy at Ameriprise. "It requires careful planning by investors to reach the financial goals they have set themselves, even for those who have already built substantial eggs."
This is the latest finding that in the United States money – or money – is relative.
The 2019 survey on Charles Schwab's modern wealth revealed that on average, Americans think that it takes $ 2.3 million to the bank to be wealthy.
A separate survey conducted previously by INSIDER and Morning Consult revealed that some Americans earning less than $ 50,000 felt rich, while others earning more than $ 100,000 felt poor. According to the survey, nearly half of Americans earning $ 100,000 or more identify themselves as belonging to the middle clbad.
Read more: How much money do you need to earn to be considered rich in the largest city in each state?
All these numbers suggest that the clbad in America is not just about money. Clbad and wealth are not the same – and both are relative. Some people can earn less and still feel rich, while others can earn more and have the feeling of having financial difficulties.
Feeling the rich can come to the site. This Schwab report revealed that The people of San Francisco think that it takes on average $ 4 million to get rich, while New York City residents think it costs $ 3.2 million.
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