42% of Millionaires Surveyed "Do Not Feel Wealthy"

by Joanna


This article says exactly what I have suspected for a really long time. Specifically, that the more money people have the more they seem to complain that they "need" more. It seems like there is a trend today that even those with millions of dollars in the bank want to complain that they do not have enough, and want to classify themselves as "middle class".

While most millionaires say they feel wealthy, a large share do not, according to a survey by Fidelity Investments.

Of 1,000 millionaires surveyed last fall, 42 percent said they don’t feel wealthy — and wouldn’t being to until they had $7.5 million in investable assets (what they have without counting workplace retirement accounts or real estate).

Feeling wealthy involves a sense of having more than what you need, said Gail Graham, the executive vice president at Fidelity Institutional Wealth Services. This can include the ability to buy luxurious items, and give your money away to family members

“Many of the respondents are baby boomers, who are supporting their parents and children,” Graham said

Retirement saving is a major worry, even for millionaires. Four in 10 surveyed said having enough money to support their lifestyle after retirement is their biggest concern. SOURCE

Economic Enslavement

By Eddie Blue-Eyes

[Editor's Note: recently our conservatively inclined congress critters refused to extend unemployment insurance (UI), many expressing the view that those receiving were looking for handouts. Immediately after, funding for war was approved almost unanimously.]

There are currently at least 30 wars and armed conflicts raging in the world… over 80% of the casualties of war are civilians… disproportionately women and children.

... And whoever controls the debt, controls everything. This is the essence of the banking industry to make us all slaves to the debt. -- The International

As we lurch toward the end of the first decade of the new millennium, I can’t help but reflect in amazement how we’ve been at it for all these thousands of years and we’re still here in spite of ourselves. Through the cruel elements, the countless plagues and wars, the madmen, and perhaps human nature itself, we are still here, defiant, striving, still trying to make sense of it all.

We’re still alive...

But we’re still suffering and killing and hating each other. Diplomacy has risen to an art form because we have become masters of the art of war. I wake up today with the realization that we have defeated the democratic process and in its place we have put an economic system that depraves our efforts in order to create riches based on a subculture of poverty and crime, a system any other creature would rightfully see as barbaric.

We believe ourselves to be the most advanced species but we demonstrate very little understanding or respect for our bodies or the world we inhabit.

For over a hundred years, the practice of slavery has been outlawed here in the Land of the Snow, but people still slave. Technology has taken us to outer space, but not before we managed to eradicate millions in search of genetic purity; not before one of our greatest technological projects, harnessing the power of the atom, incinerated tens of thousands of innocent men, women, and children to shadows.

We wear the restraints of capitalism, the corruption of ideals, and our hatred, prejudice, and ignorance like shackles.

Our capacity for moral reasoning hasn’t caught up with our technological advances. On the richest nation on the planet, we have the power to end starvation, but children still go hungry. We celebrate our medical advances, but the medicines that slow the progress of AIDS are nowhere to e found as that very plague decimates the entire African continent. Our thinking gets the better of our actions. But before you begin to lay blame, please know that our actions are not truly ours to command. At least not any longer...

Today decisions are made by governments and the corporations that own them and are designed to increase profit, not to advance humanitarian ends. Children are starving because it has nothing to do with the bottom line. People are dying everywhere, but how can you try an international cartel for murder?