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Investors say they’d need at least $5 million to feel ‘wealthy’
Sometimes $1 million isn’t enough. According to a quarterly UBS Investor Watch survey, nearly 70 percent of investors polled said a million bucks didn’t make them wealthy. To feel “wealthy,” most investors said they’d need at least $5 million, according to the report. The poll also found that half of investors define wealth as being able to live without financial constraints. About 10 percent defined being wealthy as never having to work again. The poll, released Monday, also asked investors about other thoughts concerning wealth and spending. Nearly 30 percent of investors said their top concerns involve health care and long-term care. Their next top concern was providing for their grandchildren and children.