Thursday, May 7, 2015

84% of rich people suffer from wealth-denial and self-identify as middle class

Stephen "I don't feel like a wealthy person" Schwarzman is worth about $10 billion
Reported here:

"Fully 44 percent described themselves as middle class, and 40 percent said they were upper middle class. Only 4 percent described themselves as wealthy or rich, and 5 percent described themselves as upper class. ... Studies show that more than three-quarters of today's millionaires made their money themselves and started out in the middle class or lower. Wealth experts say these self-made millionaires may still see themselves as having middle-class values of hard work, humility and family despite their increased wealth."