wealthy economy

The Unhappy Wealthy Worry about Losing Money

Bernanke's co-author:

Wealthy Are Afraid They’ll Run Out of Money
Robert Frank, Wall Street Journal

"It’s not just the middle class that has money worries. Even the affluent are worrying about running out of cash.

"According to a new survey from American Express Publishing and the Harrison Group, nearly half of respondents with incomes of $250,000 or more agreed with the statement that “I worry that at some point I could run out of money.”...Fully 69% agreed with the statement that “The recent real estate and banking crisis has affected my sense of financial security.”