This topic has come up before. On the surface everyone scoffs that a millionaire might not feel wealthy. Which sure, sounds a bit absurd on the surface…
But when you break it down, it’s not that strange. Say you’re a couple making $350k/yr. You haven’t always been making that much, so you don’t have $10M in the bank. You’ve living pretty darn well off of a great income. But you’re paying 40% or more in total taxes. And then you’re trying saving 25% because you hope to retire well. Your housing costs take up a decent chunk of your net income. You still fly coach. You’re not driving an exotic sports car.
You have plenty left over, just not what you perceive as “wealthy”.