Monday, March 14th, 2011

How Much Money Rich People Need To Feel Rich

"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% of respondents say they don’t feel wealthy…. Those who don’t feel wealthy were asked how much money they would need to feel wealthy. Their answer: $7.5 million."


6 Comments / Post A Comment

Art Yucko (#1,321)

Way to explain the joke, "Tea Party"

roboloki (#1,724)

this makes my head hurt. can i call in for the rest of the year?

It's not that I need to be excruciatingly rich so much I want everyone else to be excruciatingly poor.

SeanP (#4,058)

Hmmm. What's the definition of "wealthy"? Enough not to have money worries? Then I'm already wealthy. Enough to where I could quit working? I don't know, a few million? Enough that I could buy anything I might conceivably want, including Caribbean islands? A few hundred million, maybe? (I guess I don't know what Caribbean islands go for).

As far as I can tell the survey didn't define the term, so it sounds like different respondents were talking about different things. Maybe that's the point? Not sure what to make of the whole thing. I mean, besides that rich people annoy me.

deepomega (#1,720)

Is "having assets you could liquidate to give you a million dollars" really rich? I certainly don't think so, and I'm nowhere NEAR it!

Tulletilsynet (#333)

All fools are madmen, only the sage is rich and only the wise are free. What do they teach the kids these days.

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