Millionaire. It’s a word that is a source of envy for many — for good reasons that go beyond the obvious financial advantages. According to Northwestern Mutual’s 2024 Planning & Progress Study, 87% of American millionaires say they have good clarity on how much they should save for tomorrow and spend today, compared with just 66% of the general population. They also feel much more prepared: 87% of millionaires expect to be financially prepared for retirement when the time comes, more than 30 percentage points higher than the average American.
While being “very rich” remains elusive for most people, the wealthy practice five financial habits to build and preserve their wealth that everyone can use to make inroads toward greater financial security.
