Status Chasers
By Laura Bruce • Bankrate.com

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.