U.S. millionaires say $7 million not enough to be rich
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.
"Every person in the survey is wealthy," said Sanjiv Mirchandani, president of National Financial, a unit of Fidelity.
Once again I'm reminded of the George Harrison Beatles' song "Piggies", for painfully obvious reasons:
Have you seen the little piggies
Crawling in the dirt
And for all the little piggies
Life is getting worse
Always having dirt to play around in.
Have you seen the bigger piggies
In their starched white shirts
You will find the bigger piggies
Stirring up the dirt
Always have clean shirts to play around in.
In their styes with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.
Everywhere there's lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat their bacon
Link to original post: http://news.yahoo.com/s/nm/us_fidelity_survey/print
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3 comments:
My sympathies for the millionaires. Oh, what are they to do? How will they go on? (eyes rolling)
That also fits nicely, of course, with them thinking they are "middle class", too, of course. No wonder they don't think of themselves as rich, right?
Reminds me of the Howells on "Gilligan's Island", too, for that matter.
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