5 Reasons Why Millionaires Think They’re Middle Class

In this article, we are going to discuss the 5 reasons why millionaires think they’re middle class. If you want to check out our detailed analysis of what it means to be a millionaire and the companies of self-made millionaires, head to 15 reasons why millionaires think they’re middle class.

5. Millionaires worry about market volatility 

Despite the common belief that millionaires can withstand recessions with ease, according to Ameriprise’s survey, 32% of them express concern about market volatility. This fear serves as a reminder of the fragility of wealth and the ongoing worries that even millionaires have in a financial environment that is always changing. Millionaires’ recognition of market volatility serves as a warning that financial achievement does not insulate people from the fundamental risks associated with global economies. Millionaires still identify themselves as not super rich but with a middle-class mentality.