How much do millionaires spend on travel?
How much do millionaires spend on travel? According to the study, millionaires—defined as those with $1 million or more investible assets—plan to spend an average of $2,900 per trip (the totals include airfare, hotel and food). Two-thirds plan to take more than three trips this year and the average millionaire will take six pleasure trips this year.
Do millionaires own their homes?
They do. In fact, they buy a lot of houses. But the interesting part is that many of them rarely live in the houses they bought. They spend their lives where the action is (unless they are retired).
How much money is considered extremely wealthy?
You might need $5 million to $10 million to qualify as having a very high net worth while it may take $30 million or more to be considered ultra-high net worth. That's how financial advisors typically view wealth.
How many vacations do rich people take a year?
An American living in a household that makes more than $150,000 is estimated take 4.7 times the vacation days of an average U.S. consumer. Affluent Americans take an average of three six-day vacations a year, according to The Resonance Report 2013.