The 2016 U.S. Trust Insights on Wealth and Worth® survey explores who the wealthy are, where they came from, how they built and are sustaining their wealth and what they want to do with it. The survey revealed common success traits that create a picture of modern day wealth in America. While the vast majority of respondents (77%) grew up middle class or poor, success was attributed to hard work, ambition and family upbringing. From giving back and working hard, to saving well and investing wisely, the wealthy in America today are driven by a contemporary set of principles and compose a new picture of what it means to be wealthy.
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Survey Methodology: U.S. Trust 2016 Insights on Wealth and Worth® is based on a nationwide survey of 684 high net worth and ultra high net worth adults with at least $3 million in investable assets, not including the value of their primary residence. Among respondents, 40 percent have between $3 million and $5 million in investable assets, 30 percent have between $5 million and $9.9 million and 30 percent have $10 million or more. The survey was conducted online by the independent research firm Phoenix Marketing International in January and February of 2016. Asset information was self-reported by the respondent. Verification for respondent qualification occurred at the panel company, using algorithms in place to ensure consistency of information provided, and was confirmed with questions from the survey itself. All data have been tested for statistical significance at the 95 percent confidence level.
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