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Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, according to a recent Ameriprise Financial survey of more than 3,000 adults. "Many people feel squeezed between higher prices and lower asset prices," said Kim Maez, a certified financial planner and private wealth advisor at Ameriprise. Some even said they feel poor, according to a separate survey conducted by Bloomberg. Of those making more than $175,000 a year, or roughly the top 10% of tax filers, one-quarter said they were either "very poor," "poor" or "getting by but things are tight." Despite their high-net worth, just 44% all millionaires felt "very comfortable," another report by Edelman Financial Engines found.
Persons: Kim Maez, it's, Organizations: Finance, Bloomberg, Edelman Financial Locations: Ameriprise
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