Advancing Philanthropy magazine published an enlightening report recently on worry and the rich ("What Worries The Wealthy," September-October 2006, page 46).
Quoting The U. S. Trust Annual Survey of Affluent Americans, AP reported the top "worries" of the rich this way:
1. Terrorism in the U. S. and abroad will negatively impact the economy and the securities markets (right at 90% ranked this concern first, up from 86% in 2003).
2. Concerns for the next generation's financial difficulties (75% cited this as a major worry, down from 82% in 2003).
3. Fear that taxes will rise steeply in the next few years (70% expressed this worry, up from 59% in 2003).
U. S. Trust, a New York-based financial management company conducts the annual poll that seeks information and opinions from a representative sampling of the top 1% of the wealthiest Americans. The "wealthiest Americans" by this poll's definition are individuals with adjusted gross incomes of more than $325,000 annually or net worth of greater than $5.9 million.
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