Everyone on 3, give me the biggest WAAAAAAA you can

Filed in National by on February 26, 2008

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The Working Rich Are Nervous

Prince’s latest research shows that 78% of the “working rich,” or “middle-class millionaires,” defined having a net worth of between $1 million and $10 million and still working for a living, consider themselves “very or extremely concerned about their ability to maintain their current financial position.” He also estimates that 21% of them have already begun pulling back on spending.

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  1. Duffy says:

    The key there is “pulling back on spending”. If people with lots of $$ are spending less, that’s a good way to slow down the economy.