Research shows "millionaires feels insecure".

Although most say they’re “highly satisfied,” many
millionaires are insecure — one
nasty shock like
unemployment or a market crash could wipe them out, they fear, according to a new report by UBS Wealth Management Americas (WMA).

Half of the group with $1million to $5 million are afraid of losing it all, compared with
34 percent of respondents with $5 million or more,
according to UBS.

And the stress skyrockets for millionaire parents in full-time jobs — 63 percent think one
major setback would be damaging.

One explanation for the mixed news:
The recent financial crisis lingers for millionaires
with less than $5 million, according to Sameer Aurora,
head of Investor Insights for UBS WMA.

“They saw how quickly they could lose half,or nearly half, of their portfolio, and they may have experienced a job loss,”he said.

“Enough never seems to be enough even the wealthiest continue on the treadmill to achieve a better life,” added Paula Polito, client strategy officer at UBS WMA.

-nypost
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