England Blue Shirts Peter Formal Comfort Cotton KtyoS2mMR England Blue Shirts Peter Formal Comfort Cotton KtyoS2mMR England Blue Shirts Peter Formal Comfort Cotton KtyoS2mMR England Blue Shirts Peter Formal Comfort Cotton KtyoS2mMR
-
Comfort Blue Shirts Cotton England Peter Formal egJARWn
00:00
00:00 00:00 LIVE
Formal Peter Comfort Cotton Shirts Blue England 89PSdXVET
Blue Peter England Cotton Shirts Comfort Formal ZxTvp20HC8
buffering
England Shirts Comfort Blue Peter Formal Cotton ncsi0xZdR Replay
LIVE
00:00 MSG_TIME_SEPARATOR 00:00
LIVE
CC
Captions
OFF
ON
Track : Presets :
Aa
Aa
Aa
Aa
Font : Edge :
Size : England Blue Comfort Shirts Formal Peter Cotton zEl4eR Scroll :
Color :
Background :
Edge :
Window :

MSG_CC_PREVIEW_TEXT

Blue Cotton Shirts England Formal Peter Comfort 539bB
England Comfort Formal Shirts Blue Peter Cotton fjPtCu2rG
Peter Formal Shirts Blue Cotton Comfort England XuQcP
Opacity :

Copy and paste to share this video

Copy and paste to embed this video

Share:
Close

Next

Blue Comfort Shirts Formal England Peter Cotton EuRz4QLWJk Who wants to be a millionaire? Maybe a lot more people than you think.

A new study shows Americans overestimate the number of millionaires in the United States, but they also underestimate the number of "affluent" households, defined as those with net assets of at least $100,000.

Four percent, or 4.6 million U.S. households, had net assets of at least $1 million in 1998, according to the study commissioned by the Consumer Federation of America and Providian Financial, a bank card provider.

However, survey respondents believed that 15 percent of all households fell into the millionaire category.

Conversely, more than 43 million American households, or 42 percent, were considered affluent, while respondents thought only 36 percent of Americans possessed this much wealth, according to the study. Some 56 percent of U.S. households headed by someone 45 years or older had net assets of $100,000 or more.

Blame Robin Leach

CFA Executive Director Stephen Brobeck attributed the discrepancy between the perception and the reality of the number of millionaires in the United States to intense media coverage of the wealthy, which makes people believe that there are more wealthy people in the United States than there are.

Cotton Formal England Peter Shirts Comfort Blue 42e2NUr8 "Their perceptions may well be unduly influenced by the portrayal of American wealth in television ads and programming," Brobeck says.

Those most likely to overestimate the number of wealthy Americans include respondents between the ages of 18 and 24, the poor and minorities, concluded the study, which was put together by Professor Catherine Montalto of Ohio State University.

Brobeck adds that the misperception about how many affluent households there are reflects many people's pessimism over their ability to build wealth. By far the greatest source of wealth for all affluent households was the value of their homes — 34 percent of the wealth these households was in their primary residence.

"Some people are not aware that they're worth $100,000," says Brobeck. "They don't see their home as wealth, but it really is."

Peter England Formal Shirts Comfort Blue Cotton nd3K9X Home Is Where Wealth Isn't

Meanwhile, the two most important sources of wealth for millionaires were stocks, bonds and mutual funds, and business assets. Equity in their residence represented only about 13 percent of millionaires' wealth, the study found.

Inherited assets were also an important part of the millionaires' get-rich plan, as 45 percent of these respondents had received an average inheritance of $125,000. Only 30 percent of affluent families had inherited assets.

The survey was done June 21-24 by CARAVAN Opinion Research Corp. International, which conducted telephone interviews with 1,022 adults living in private households in the continental United States. The poll has a margin of error of 3 percent.

At a press conference, Brobeck and Providian CEO Shailesh Mehta stressed saving, home ownership and contributing to a retirement plan as the three keys to helping Americans build wealth. Providian also pledged at the conference to contribute $200,000 over the next two years to the CFA's "America Saves" campaign, which assists low- and middle-income Americans to save and build wealth.

Providian Financial, the fifth-largest bank card provider in the United States, does not provide home mortgages.

Comments

Product Details

Brand
Peter England
Product Code
APPPETER-ENGLANADIT50996530CEB3
Color
Blue
Size
39
Material
Cotton
Occasion
Formal
Pattern
Solid
Sleeve
Half Sleeves
Neck Type
Classic Collar
Fit
Regular
Gender
Men
Collar Type
Classic Collar
Article Identifier Type
Ean Code
Article Identification Value
8907495215907
Style Code
PSH1041600997