Scraping By On $7.5 Million

Scraping By On $7.5 Million

by
Abby Zimet

A new survey by Fidelity Investments shows that rich people only feel rich if they have about $7.5 million. Any less, presumably, they feel like the rest of us losers. With 5% of the country now controlling 56% of its wealth, millionaires feel more upbeat than they have for years. But listen to Samuel Johnson: "Avarice is always poor." Let them eat cake, laced with shame.

“Wealth is relative, and to some extent the more you have the more you realize how much more you need.” - Sanjiv Mirchandani of National Financial.

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