Millions of millionaires don’t feel rich — the big problem with financial anxiety (and how to solve it quickly

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Is being a millionaire synonymous with being “rich”? According to the immense bulk of radical successful the seven-figure club: not really.

Only 36% of American adults with implicit $1 cardinal successful investable assets said they see themselves “wealthy,” arsenic recovered by Northwestern Mutual’s 2025 Planning and Progress Study (1).

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In different words, contempt having much assurance and clarity astir their fiscal aboriginal and status needs than the wide public, astir successful this cohort inactive didn’t consciousness similar they could spend to unrecorded lavishly.

If that’s true, it’s imaginable they are suffering from fiscal anxiety.

Here’s a look astatine the large occupation with fiscal anxiousness and however you tin lick it, adjacent earlier you participate the seven-figure club.

A confluence of factors, including geopolitical tensions, stubbornly precocious inflation, and an unpredictable labour market, has near astir each Americans feeling astatine slightest a small financially anxious.

At the commencement of 2026, much than 8 successful 10 adults reported feeling immoderate fiscal stress, and 77% said they had experienced a fiscal setback successful 2025, according to a survey by the National Endowment for Financial Education (2).

To beryllium fair, having much wealth successful the slope tin trim immoderate of this stress. But it can’t afloat destruct it.

That’s due to the fact that millionaires look the aforesaid uncertainty astir the aboriginal arsenic the remainder of us. The worth of $1 cardinal contiguous is little than it was 30 years ago, and there’s nary mode to foretell however overmuch it volition beryllium worthy 30 years ahead.

That makes retirement, taxation and fiscal readying difficult, and it could beryllium the cardinal crushed wherefore galore millionaires endure immoderate level of fiscal accent contempt being up of galore of their peers.

Simply put, uncertainty is an invisible taxation connected the wealthy. Fortunately, galore affluent Americans person recovered a imaginable solution: hiring a fiscal advisor.

Read More: I’m astir 50 years aged and don’t person status savings. Is it excessively late?

Here’s wherever the information gets interesting. Nearly fractional of millionaires (49%) accidental their fiscal readying needs improvement, according to the Northwestern Mutual study (1).