The Rich are Happy but Not Unscathed

The majority of the rich are optimistic about their future prospects, even though they admit to taking hits during the recession. According to Mintel's recently published Wealth Management-January 2011 report, more than eight in 10 high-net-worth households (defined as households with at least $500K in investable assets excluding real estate) say they are optimistic about their own financial situation over the next five years.