Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping everybody down.
In fact, many even go so far as to say they’re poor. In a nationwide survey of over 1,000 objectively wealthy Americans — defined in this case as making at least $175,000 a year, roughly the amount required to crack the top 10% of US tax filers — a full quarter told us they were either “very poor,” “poor,” or “getting by but things are tight.
Wow.