Tag: wealth

Could You Be a Middle-Class Millionaire?

The US has more millionaires now than ever before. According to Finmasters.com, data from the Credit Suisse Global Wealth Report shows that in 2023 there were just under 30 million millionaires in the US, an all-time high. Given our current population of approximately...

Wealth Equals Wellbeing Only If You Spend It When You Need To

In A Christmas Carol, Charles Dickens vividly brought to life one of fiction’s most famous misers, Ebenezer Scrooge. He was a “tight-fisted hand at the grindstone, a squeezing, wrenching, grasping, scraping, clutching, covetous, old sinner! Hard and sharp as flint,...

Suddenly Single, With Wealth–Is There a Problem Here? Part Two

Being left solely responsible for wealth through divorce or widowhood later in life comes with its own set of responsibilities, opportunities, and challenges. As with so many financial life events, it is often the emotional challenges that are the hardest. 1....

Self-Worth and Net Worth: Status Money Scripts

For the third in this series of columns on money script categories, let’s look at Money Status. This differs from the Money Worship category in having its focus on social acceptance. People in this category generally equate net worth with their self-worth. They...

How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...