Economy

Survey: Some Millionaires Just Don't Feel Wealthy

According to a survey conducted by Fidelity Investments, more than four in 10 American millionaires say they don't feel wealthy. The survey, which took the pulse of more than 1,000 "millionaire households," also found that those people said they needed $7.5 million in "investable assets" to feel wealthy.

Michael R. Durbin, president, Fidelity Institutional Wealth Services, said in the press release that the survey just reinforces that "wealth is relative, based on factors such as the current market environment, a person's age, lifestyle, and so on."

Durbin, talking to Reuters, added that the rich are also comparing themselves to their peers and are thinking about the money they need for retirement.

Last year, our colleagues over at Planet Money tried to come up with an answer for how much money makes you rich. It was a vivid discussion sparked by a blog post from a professor, who argued that making $250,000 a year didn't make him rich.

The opinions were heated and all over the map. I'll leave with one more number from the U.S. Census: The real median household income in the U.S. in 2009 was $49,777.

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