Archive for April, 2008

According to our recent survey, just over 77 % of America’s Middle Class Millionaires, those with a net worth between $1 million and $10 million that they have earned, rather than inherited, say that a recession is imminent. Further, an overwhelming number of them, 93%, do not believe the government will offer relief or a significant bail out plan.
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Russ Prince and I recently conducted a new study about how households with a net worth between $1 million and $10 million, who we call “Middle-Class Millionaires,” (www.middle-class-millionaire.com) feel about the economic climate and offer some insight into the impact it will have on their spending habits.

Between January 10 and January 18, 2008, we surveyed a random sample of 338 Middle-Class Millionaires throughout the nation and here’s a summary of what we found:
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