U.S News

NEW YORK (Reuters) – A meg dollars ain't what it utilised to be.

More than quaternary out of ten dweller millionaires feature they do not see rich. Indeed many would requirement to hit at small $7.5 meg in visit to see they were truly rich, according to a Fidelity Investments survey.

Some 42 proportionality of the more than 1,000 millionaires surveyed by Fidelity said they did not see wealthy. Respondents had at small $1 meg in investable assets, excluding some real estate or withdrawal accounts.

"Every person in the analyse is wealthy," said Sanjiv Mirchandani, chair of National Financial, a unit of Fidelity. "But they are ease worried about outliving their assets."

The cipher geezerhood of respondents was 56 eld older with a mean of $3.5 meg of investable assets. The boundary for "rich" chromatic with age.

"They study themselves to their person group ... and they are also thinking about the daylong punctuation they module hit in withdrawal and poverty more assets" to money their lifestyle, said archangel Durbin, chair of Fidelity Institutional Wealth Services.

Still, millionaires are slightly more pollyannaish today than they were in 2009, when 46 proportionality did not see wealthy.

Respondents were also more pollyannaish about the U.S. economy. While they thought the underway U.S. frugalness remained rattling weak, they think it module meliorate by the end of this year.

Fidelity noted the wealthiest 5 proportionality of Americans stop more than 55 proportionality of the nation's wealth.

(Reporting by Helen Kearney)

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