If you’re not wealthy, you’re not alone. Rich people aren’t wealthy either, say rich people.
According to The Wall Street Journal:
Millionaires have their own benchmarks. According to a Fidelity Investments survey of more than 1,000 millionaires (households with at least $1 million in investible assets, excluding retirement accounts and real estate), 42 percent of respondents say they don’t feel wealthy. Keep in mind that while $1 million is the threshold, this group has an average net worth of $3.5 million.
How awful! I just can’t imagine living with such financial instability.
The 42 percent who don’t feel wealthy said they would need $7.5 million to actually feel wealthy. For the group that does feel wealthy, they only needed $1.75 million. The greedy bastards were mostly older folks, according to the study’s directors, while the content millionaires were mostly younger.
If I ever have to use the phrase “content millionaires” again, I will quit my job, light my computer on fire, and move to Iceland.
—Photo onethreeabc/Photobucket
I’m wondering if some of those people recognize the difference between rich and wealthy. Mind you that Chris Rock clip is mostly an examination of race but I think overall it holds up when he’s talking about things like the difference between Shaq’s bank account and that of the team owner that signs his paychecks.
“Enough” is a relative term. And are they really greedy bastards for wanting more? It’s not like they’re running Ponzi schemes to make an extra mil, they’re working hard to get as much of a desired resource as possible. Is wealth and the desire to acquire more an evil or sin, or is it just a characteristic of a type A achiever?