Rich Getting Richer But Still Not Telling Spouse About It

America’s millionaires are seeing their investments become a larger part of their overall wealth, but they still have difficulty opening up to their spouses about their financial dealings, said Jaki Boyer, senior wealth strategist for PNC Wealth Management. As the economy and stock market have improved since the financial crisis, investments are increasing in share of wealth from 51 percent in 2012 to 63 percent today, according to PNC's latest survey of American millionaires. The survey also revealed that 85 percent of respondents feel they currently have a greater sense of control over their financial future compared to 80 percent in 2014. 'After the market selloff in 2008 and 2009 people really tightened up and took a deeper look at the market and their holdings and that has given them more empowerment,' said Boyer. But while confidence among the millionaire class is growing, the survey showed that anxieties remain with 55 percent being concerned with preserving their wealth, while 27 percent worried they won’t be able to support the lifestyle they want for three decades or more in retirement.