According to the study, 'For most Americans, "feeling like a million bucks" is less about believing you're rich and more about exuding confidence and clarity about the future,' said John Roberts, chief field officer at Northwestern Mutual, in a press release.
The study revealed that 48% of high-net-worth individuals surveyed believed their financial plans needed improving, indicating a significant area for growth among millionaires.
Despite their wealth, only 32% of millionaires considered themselves 'wealthy,' showing a disconnect between financial status and self-perception.
Seventy-eight percent of millionaires viewed themselves as disciplined financial planners, a stark contrast to the 45% reported in the general public.
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