The fact that 31 percent of millionaires don’t view themselves as rich is more than just a fascinating psychological study. It affects the economy as a whole.
It’s important, given that 70 percent of the economy relies on consumer spending.
“We have high-net-worth clients who are retired and only take $2,000 a month to live on,” said James Battmer, chief economist and lead portfolio manager for Bukaty Cos. “We try to encourage them to take more money. We tell them we’re managing it…
The fact that 31 percent of millionaires don’t view themselves as rich is more than just a fascinating psychological study. It affects the economy as a whole.
It’s important, given that 70 percent of the economy relies on consumer spending.
“We have high-net-worth clients who are retired and only take $2,000 a month to live on,” said James Battmer, chief economist and lead portfolio manager for Bukaty Cos. “We try to encourage them to take more money. We tell them we’re managing it…