Lewis Schiff, CEO of Advanced Planning Group and author of The Middle-Class Millionaire reveals original research about current American millionaires who have earned rather than inherited their wealth.
He estimates 6 million U.S. households have a self-made net worth over $1 million. The research compares attitudes, values and social contributions of the traditional middle class to those of the "middle-class millionaire."
Schiff also examines the broader societal impact this group has- The Commonwealth Club of California
Lewis Schiff is currently a Senior Managing Principal of the Advanced Planning Group, where he leads a team of private wealth experts who specialize in the needs of high-net-worth clients globally.
Schiff's most recent book, The Middle Class Millionaire: The Rise of the New Rich and How They are Changing America, written with Russ Alan Prince, chronicles the evolution of America's middle-class over the last twenty years, and at how a portion of the middle-class is pulling away from the rest by amassing significant wealth.
Wow... fantastic conclusion. And I love the empirical focus of the presentation--it's nice to just get the facts without a whole lot of editorializing (which I imagine must a strong temptation for anyone researching this particular topic).
That's fine. Then you simply don't get some of the stuff that it takes working 80 hours a week or more to get. How much "quality" time do you think Obama has spent with his girls since he started his political career? I'm sure they know daddy loves them and I'm sure he does, but come on, let's not delude ourselves.
What about piece of mind, though? And what about enjoying the simple things in life like swimming in a public pool and watching kids having fun, or taking a peaceful walk in the woods and watching birds fly by?
It sure does sound nice to be very wealthy but more money, more worries. God bless those people though for creating jobs for us plain folk.