Story at Fiscal Times here.
Let’s agree right off the bat that $25 million is a lot of money.
The number of American households with a net worth of $25 million or more — excluding their home — reached a new record last year, according to a recent report by wealth management research provider Spectrem Group.
Yet the same survey found that those wealthy Americans still have plenty of financial concerns. Actually, they sound fairly miserable…and that’s in a survey taken well before the stock market took a tumble last week.
They may travel more, go to ballgames or concerts, or buy nice jewelry, but 70 percent of those surveyed said they get more satisfaction out of saving and investing their money than from spending it.
More than half said they worry about the next generation wasting the money they inherit. And almost a quarter (23 percent) said they worry “constantly” — constantly — about their financial situation.
Boy, sounds like if we ever would impose a Picketty Tax, many of these people would probably have to just go get a gun and blow their brains out... but then we who would be remaining would all be more "equal" in financial terms.