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According to a recent survey by Ameriprise Financial, most millionaires don’t consider themselves wealthy. The survey revealed that 60% of investors with $1 million or more in investable assets classify themselves as upper middle class, while 31% identify as middle class. Only 8% of these high-income individuals characterize themselves as wealthy. Marcy Keckler, Senior Vice President of Financial Advice Strategy at Ameriprise, notes, "Many people feel squeezed between higher prices and lower ass ....
Nominally, households earned more money in 2022 than they did in 2021. But thanks to inflation caused by Bidenomics, real household income (that is, income adjusted for inflation) not only fell, but fell by an amount not seen since the Great Recession. ....
The Census Bureau has just issued its latest annual report, "Income and Poverty in the United States: 2020," and American Enterprise Institute economist and blogger Mark Perry has extracted and ....
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