One-third of American millionaires don't consider themselves wealthy, survey says
CBSN
A million bucks isn't what it used to be. Just ask American millionaires, a number of whom say they don't even consider themselves wealthy.
To be sure, how far $1 million takes you can depend on a number of factors, including where you live and whether or not you support dependents. But the rest, apparently, is subjective.
Only one-third of American millionaires — or those with at least $1 million in investible assets — consider themselves "wealthy," according to a new study from Northwestern Mutual, a financial services firm. While two-thirds of millionaires might not feel rich, their substantial financial assets do afford them a greater sense of financial clarity over spending decisions, and preparedness compared with the general population, according to the survey.
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