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What Millionaires Know About Retirement That You Don’t | Retirement

Millionaires tend to have a different view of wealth and retirement savings than other Americans do.

It may seem surprising, but most millionaires don’t consider themselves wealthy, according to an Ameriprise Financial survey. In fact, 60% consider themselves upper middle class, and 31% say they are part of the middle class.

The survey, which included 580 Americans ages 27 to 77 with $1 million or more in investable assets, also found that millionaires’ financial priorities differ from less affluent investors’ priorities. Millionaires’ priorities were:

  • Protecting accumulated wealth.
  • Saving for retirement.
  • Managing market volatility.

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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