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Millionaires Identify as Middle Class Amid Rising Costs

8/20/2025

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Summary

Story summary

Many clients, including multimillionaires, identify as middle class, according to a financial planner.
Increasing costs for housing, transportation, and healthcare are challenging financial comfort for many Americans.
Financial experts evaluate class primarily through net worth, as assets and debts impact long-term financial security.

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Story summary

Many clients, including multimillionaires, identify as middle class, according to a financial planner.
Increasing costs for housing, transportation, and healthcare are challenging financial comfort for many Americans.
Financial experts evaluate class primarily through net worth, as assets and debts impact long-term financial security.