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.
recently Research conducted by Ameriprise Financial; The report, which included nearly 3,000 wealthy American billionaires and was released this week, found only 8%, or about 240 people, reported that they considered themselves wealthy. .
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. . According to previously reported data, at that point, 31% consider themselves to be clearly middle class. CNBC.
Although the exact amount may vary by state, the average annual income for the top 1% of American taxpayers hovers around $652,657. The state of 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 economic cycle, but it’s also uncomfortable.”
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 restart of student loan payments.