Friday, May 01, 2009

 

Even the rich now fear running out of money

If you worry about making money on the way up, you worry about losing it on the way down. So it should come as no surprise that wealthy Americans -- according to several different studies -- are now concerned that they will run out of money as the "Great Recession" will put the pinch on their finances for the foreseeable future...

...The "Survey of Affluence and Wealth in America," released Wednesday by American Express Publishing and Harrison Group, showed that 53% of the nation's wealthy are now worried that they could run out of money, in large measure because many of the respondents fear the country is headed for an economic depression...

MarketWatch: Even the rich now fear running out of money

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