Fidelity Investments surveys a thousand of some of its richest clients, to find out how they feel about their wealth. The survey involves clients with an average of $3.5 million in investment assets.
For 2010, 42% said they do not feel rich. In 2009 it was 46% that did not feel rich. That’s about 4 out of 10 rich people who think they are still poor.
How much would they need to feel rich? According to the survey, $7.5 million.
Fidelity Investments also said 55% of the wealth in the United States is held by only 5% of the people. This backs up what the IRS (Internal Revenue Service) said in one of their recently released surveys.
Sounds like some of the rich are suffering from some kind of personality, or obsessive compulsive, disorder. Perhaps some kind of factitious disorder. But what about the rest of us? After all we’re letting them run our economy, and in effect our lives.