Does Frugality Matter If You’re Rich?

“A 2015 study showed that one-third of American households with an income of $75,000 or more live paycheck-to-paycheck … and 44 percent of those households claimed that lifestyle purchases were to blame for their lack of financial progress.”

“According to a 2015 poll, which surveyed 1,044 investors, one in five respondents with investible assets of $100,000 to $1 million dollars agreed they carried too much debt and said they live paycheck to paycheck. Worse, 1 in 10 respondents with assets of $1 million to $10 million were in the same boat.”

“In the same poll, 45 percent of respondents with investible assets of more than $100,000 worried they wouldn’t have enough money to last through retirement.”

Personal Capital Blog