Here are the 5 biggest differences between rich Americans and poor Americans — which side do you fall on?

Here are the top five ways wealthy people approach life, career and finances differently from the rest of us.

Subtle about their wealth

Contrary to popular belief, most multimillionaires are not cruising around in neon orange Lamborghinis or smoking cigars stashed in their Gucci bags. Instead, many wealthy Americans are trying to hide their wealth rather than flaunt it.

The “stealth wealth” or “quiet luxury” trend was highlighted in the 2024 National Millionaires Survey by Ramsey Solutions, which found that the top three car brands preferred by the wealthy were Toyota, Honda and Ford.

Simply put: wealthy Americans stay wealthy by resisting the urge to flaunt it.

Delayed gratification

Another major psychological difference between the rich and the poor is their ability to delay gratification.

In 2016, the National Bureau of Economic Research surveyed Americans over the age of 70 to see how much extra they’d need to wait a year for $100. Would they need $10 or $30? Those who required less compensation had greater patience and were better at delaying gratification, which was closely linked with their actual wealth and financial well-being.

In short, the ability to resist instant gratification is a key sign of future financial success.

Spend money to make money

Because they’re better at delaying gratification, wealthier Americans are more likely to invest their money rather than spend it.

A 2024 Gallup poll found that 31% of upper-income Americans believe stocks are the best investment. Only 7% said a savings account was a good investment.

In contrast, 20% of lower-income Americans chose savings accounts as the best investment, while just 14% preferred stocks.

This difference in strategy highlights a key mindset shift. Many lower-income households avoid risk and prefer safety, while wealthier households are more familiar with the potential rewards of riskier assets.

Leverage debt skillfully

Debt isn’t good or bad — it’s all about how it’s used.