Abbey: Being a millionaire is not all it's cracked up to be

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Abbey: Being a millionaire is not all it's cracked up to be

Being a millionaire certainly has its up sides but it does come with its downsides, according to figures released by Abbey Premium Banking today.

Research shows that one third of people fear that if they were a millionaire they would be hassled by gold diggers and one in four said they would generally be less trusting of people.

A total of 12 per cent of people think their friends and family would be jealous if they came into some money and seven per cent said they think they would eventually run out.

However, 18 per cent of people would be willing to give up their job if they had between £500,000 and £1 million and almost 30 per cent said they would want between £5 million and £10 million.

Ewen Fleming, Abbey's managing director of Premium Banking said: "Being a millionaire doesn't have the same exclusivity as it used to - there are now around 376,000 millionaires in Britain today compared to just 36 in 1953."

When asked what kind of service they would expect from a bank if they had a million pounds, 25 per cent said they would want their own personal bank manager.

Just over 30 per cent said they would want a gold credit card and seven per cent would expect a birthday and Christmas card from their bank.

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