Not all millionaires sport a top hat, monocle and cane, but it turns out lots have one thing in common: They don’t feel wealthy.
More than one-quarter of American millionaires say they don't feel wealthy, but they would if they had an extra $5 million, according to Fidelity Investments’ Millionaire Outlook report.
Though they may not view themselves as rich, millionaires around the world control 40 percent of global wealth. And these, super-rich citizens of the world are easiest to come by in New York, where there are a reported 7,270 people worth more than $30 million.
The Fidelity report seeks to provide investors with a snapshot of the typical millionaire, since this elite class can provide a “strong indicator of certain financial trends.” For example, the average millionaire has $3.05 million in assets and tends to be over the age of 56. Another millionaire fun fact: Only 14 percent say they were born wealthy.
Ever wondered what your average, run-of-the-millionaire looks like? Check out below to find out:
Do Millionaire's Feel Wealthy?
74 percent of millionaires feel wealthy. Those who don't said they would if they had $5 million more.
How Much Is The Average Millionaire Worth?
The average millionaire's worth $3.05 million in assets.
How Old Is The Average Millionaire?
The average millionaire is 61 years old. Only eight percent of millionaires are between the ages of 21 to 47.
Are All Millionaires Born That Way?
Only 14 percent of millionaires say they were born wealthy, with 26 percent saying they struggled financially growing up.
What Share Of Millionaires Are Female?
39 percent of millionaires are female and 61 percent of millionaires are male. 61 percent of millionaires are in their first marriage.
How Do Millionaire's Invest Their Money?
Individual Domestic Stocks were the investment most added to millionaire's portfolios in the past year. CDs/Money Market Accounts/Cash Equivalents were second.
Are Millionaires Positive About The Recovery?
35 percent of millionaires say they have a negative view of the economy, compared to only 31 percent who have a positive view. Those who are positive, however, tend to have more wealth.
Do Millionaires Feel They Have Enough Money?
30 percent of millionaires are concerned with preserving wealth, while only 20 percent are concerned with generating it.
Do Millionaires Work?
57 percent of millionaires are retired.