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