Talk about your readymade headline. Fidelity Investments finds 46 percent of the 1,012 millionaires surveyed "do not feel wealthy and are taking action to reassess and rebuild their wealth." Last year only 19 percent felt that way. Some of this probably represents a kind of vicarious suffering that's endemic to the recession (rich people don't want to be acting like rich people). But some of it is real - the survey shows an average 19 percent reduction in household income and investable assets, and a 28 percent drop in real estate holdings. From CNNMoney.com:
The millionaires reported various ways in which they're adjusting portfolios amid the recession. The bearish types are dumping more of their money into fixed-income securities, while the bulls are buying more stocks, according to Fidelity.