Even millionaires live paycheck to paycheck

It seems the rich are like the rest of us after all.

One in five respondents with investable assets of $100,000 to $1 million, and 1 in 10 with investable assets of $1 million up to $10 million believe they have too much debt and are living paycheck to paycheck, according to a poll taken by MaritzCX.

Among the 1,044 investors surveyed in November and December, 45% are worried they won’t have enough income to last through retirement. And 30% believe they will have to work during that period of their lives.

“What this is saying to me is even when you start looking at people who have managed to accumulate some wealth, they are also concerned about their future and about retirement,” says Rich Brose, senior director strategic consulting for financial services at MaritzCX, which provides customer experience software and research services to help companies improve sales and customer retention. “They share a lot of the same concerns as … the middle class and even people who might be struggling a little bit more.”

Many seem to still be shaken by the deep recession of 2008 and its aftermath, despite the gradual uptick currently occurring n the economy.

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