Remember the "Millionaire Next Door"? He was that thrifty dry cleaner or welder who drove an old pickup truck, wore a Timex and bought suits off the rack (if he bought them at all). He scrimped, saved and invested his way to $1 million.
It was a quaint portrait—and a great book in the 1990s. But by the 2000s, the giant green tide of megawealth, filled with super-earners and super-spenders, transformed the world of millionaires. Saving your way to $1 million was still possible, but it wasn't considered wealthy.
Now a new study suggests that the concept of the "Millionaire Next Door" may be coming back in vogue—at least psychologically.
A study from PNC Wealth Management asked people worth $5 million or more in investible assets about the "actions that have most contributed to their financial success."