The rich are different - They don't retire

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The ultimate American dream used to be to get rich young and retire by 40. Now the goal for the rich is to retire past 70, if they retire at all.

A new survey shows that America's highest earners don't plan on retiring until they are at least 70 years old. Lower-income groups plan to retire much younger, according to the study from Spectrem Group, a wealth research firm.

But what's the definition of 'wealthy': A survey from UBS shows that most investors say 'wealthy' means USD 5 million with at least USD 1 million in cash.

(Read the full article on CNBC)

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