A recent Bloomberg report surveyed more than 1,000 Americans who earn at least $175,000 a year. These people belong to the top 10% of wealth owners in the United States. They all have their own homes and can afford to save for retirement. The results showed that a quarter of respondents said they were "very poor", "poor" or "barely getting by".
More than half of those surveyed expressed concern about their financial security, with 25% of them doubting that their finances would not be able to surpass that of their parents. The rising cost of living and the ever-increasing costs of education, housing and necessities have exacerbated their anxiety. Quite a few of them are considering relocating to areas of the U.S. where taxes and living costs are lower.
The survey illustrates a societal problem of a disconnect between the real wealth of the wealthy and their perceptions of financial well-being. The survey reports that social** continues to expose people to lifestyles that seem out of reach, further distorting people's perceptions of wealth and success. Constant comparisons can reduce the sense of accomplishment and satisfaction, even for the financially well-off.
Many of the top 10 percent of Americans claim to be poor.