Only a small percentage of billionaires say they feel wealthy.
Despite their considerable wealth, a significant number of billionaires do not consider themselves wealthy. This suggests that the concept of feeling “wealthy” is becoming increasingly elusive. According to a recent survey, only 8% of people today describe themselves as wealthy.
In a recent survey conducted by Ameriprise Financial and published this week involving nearly 3,000 of America's wealthiest billionaires, only 8% said they considered themselves wealthy, or about 3,000 millionaires. There were 240 people.
The survey found that many high-income earners are primarily focused on protecting their accumulated wealth.
A recent survey of more than 3,000 adults by Ameriprise Financial found that nearly 60% of investors with investable assets of $1 million or more said they were more likely to be upper middle class. . At that point, 31% consider themselves to be clearly middle class, according to previously reported data. CNBC.
Although the exact amount may vary by state, the average annual income for the top 1% of American taxpayers hovers around $652,657. Connecticut, which has the highest income threshold for the top 1%, has the highest income threshold of $952,902, according to a report by financial advisory firm SmartAsset.
“Many people are feeling trapped between rising prices and falling asset prices,” said Kim Maez, a certified financial planner and private wealth advisor at Ameriprise. “It's a necessary part of the business cycle, but it's also unpleasant.”
What you need to feel a sense of abundance
of CNBC Another Bankrate study reported that when it comes to pay, Americans say they need to earn an average of $233,000 to feel financially secure. But to feel wealthy, you need to earn an average of nearly half a million dollars a year, or $483,000.
Of course, rising costs continue to make it difficult to make ends meet. Households are facing skyrocketing child care costs, ballooning car loans, high mortgage rates, record rents, and the resumption of student loan payments.
