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Status Chasers

 
 
Illustrations by Brandy Kesl

You've met them. You may envy their possessions, but you wouldn't want to be them. They comprise 18% of the wealthy* population.

  • Average age: 55
  • Achieved wealth through work and some inheritance
  • Want it all but haven't been able to achieve their major goals yet
  • Define wealth as a level three times their current net worth
  • Pessimistic about their own financial future
  • Less financially knowledgeable than their counterparts
  • Think of financial situation daily as a source of concern

*Wealthy is defined in this survey as $1 million or more in net worth, not including the primary residence.

Source: The Phoenix Companies Inc.

 
   
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