Suppose you are 56, facing retirement in ten years, you worked hard all of your life and were lucky enough to make in the $350k range since your mid-40's. You've managed to save $2M for retirement. With today's lifespans, you probably will need 20-25 years worth of income. For most people in this group, their lifetime dream has been to retire and enjoy the same lifestyle they had while working - possibly adding the travel that they never had the time to do. Yes, you bet they worry about running out of assets before dying and having to reduce their lifestyle considering they don't know if the economy will tank again or not. This group isn't being greedy. They weren't complaining. They were asked if they felt rich, and I think their answer makes sense.
yes, obviously.
But the problem is....
For many, you earn more, you want more, and there's always a bigger fish, hence you never really feel wealthy since you keep running into and hearing about others with more bank than you.
For most people...
The thought of burning up cash with out replacing it,...
....Is just insane...
And you burn cash faster when retired....
Sooooooo
unless your assets/equity generate enough funds for you to continue living your current level of wealth lifestyle...

.... you need to come to terms with the same simple fact that all the wealthy and right wingers (and me....:thumbsup

observe and preach....
Spend according to what you can afford, and budget and conserve....
Problem is.........
Who wants to reduce their lifestyle?............
At all?.........
.........Ever?.............
"Yes, you bet they worry about running out of assets before dying and having to reduce their lifestyle ...."
Soooo...
welcome to the real world......