NEW YORK (Reuters) – A million dollars ain't what it used to be.
More than four out of ten American millionaires say they do not feel rich. Indeed many would need to have at least $7.5 million in order to feel they were truly rich, according to a Fidelity Investments survey.
Some 42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy. Respondents had at least $1 million in investable assets, excluding any real estate or retirement accounts.
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Comment: Any amount of wealth can vanish more or less over night. There's no way to find safety in money. Anyway, the best things in life are free and the second best things, like reading a good book for example, cost almost nothing. Who needs to be a millionaire when the best entertainment is free on youtube.
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