Why You DON'T Want To Be A Millionaire

AAA

Millionaire

Regis Philbin hit the TV jackpot when he debuted as host of the award-winning game show, "Who Wants to be a Millionaire?" in 1999. The show, an overnight sensation for ABC, tapped into a common American dream – becoming wildly rich. According to the IRS' Personal Wealth Statistics study (last undertaken in 2004), an estimated 2.7 million Americans hold gross assets of $1.5 million or more. If you have ever bought a lottery ticket or made an investment based on a "hot tip" just hoping you could be counted in that IRS number, consider that there may be some downfalls to becoming a millionaire.

You May Also Like

Related Articles
  1. Budgeting

    Is Level Money the Perfect Budgeting Tool?

  2. Entrepreneurship

    The 10 Richest Women In Finance

  3. Savings

    Millennials' Money Habits: How to Help

  4. Budgeting

    Top 6 Best Value Hotels

  5. Professionals

    10 Creative Strategies for Finding Wealthy Clients

  6. Fundamental Analysis

    Should My Portfolio Include Private Equity?

  7. Entrepreneurship

    The 10 Richest Women In Fashion

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!