TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Does $1M make you wealthy? Many investors say no

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Los Angeles Times
Wednesday, July 24, 2013, 12:01 a.m.
 

Sometimes $1 million isn't enough.

According to a quarterly UBS Investor Watch survey, nearly 70 percent of investors polled said a million bucks didn't make them wealthy.

To feel “wealthy,” most investors said they'd need at least $5 million, according to the report.

The poll found that half of investors define wealth as being able to live without financial constraints. About 10 percent defined being wealthy as never having to work again.

“Investors are telling us that wealth isn't just about money. It's about being able to do what you want to do when you want to do it,” said Emily Pachuta, head of investor insights for UBS Wealth Management Americas.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. ATI to benefit from WTO ruling against China in steel case
  2. Cost-cutting at Kraft Heinz extends to refrigerator
  3. Muni bond funds stressed
  4. GNC to convert more stores to franchises as sales, profits slip
  5. Kennametal expects to consolidate plants as it shrinks manufacturing in continuing streamlining; profit drops
  6. U.S. asks Supreme Court to reinstate convictions of portfolio managers who won on appeal
  7. Economy’s 2Q best since last year
  8. Home rental prices jumped again in June
  9. Range Resources cuts workforce 11%
  10. Post-Gazette offers voluntary buyouts in bid to avoid layoffs
  11. Facebook ready to test giant drone