Poor Millionaires
” Even millionaires are feeling the economic squeeze, with many saying they don’t even “feel” wealthy…….
Tellingly, about 19 percent of the people surveyed do not consider themselves wealthy, even though they have, on average, $3 million to invest and earn at least $270,000 a year.
Callahan suggested that reflects people in this category struggling to maintain a lifestyle their income can’t support. “It says these folks are spending beyond their means,” he said.”
Poor millionaires. Maybe they need to trade in the Aston Martin for the BMW M6. That should ease the pressure a little bit.