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More than a million needed to live like a millionaire

It's probably something rather distant from those struggling with repayments on personal loans and mortgages, but new research has revealed that it now requires almost £6 million in the bank to live a true millionaire's lifestyle.

A new study by the Centre for Economics and Business Research (CEBR) for the National Lottery has revealed new classes of millionaires.

It said that with £1.7 million in the bank you are classed as a 'blue millionaire' and you would be able to give up the day job and have your current standard of living for the rest of your life.

A hefty £5.8 million is needed in the bank to live a rock 'n' roll lifestyle with a holiday villa, cleaner and suitably large house.

£13.8 million stashed away puts you on a par with premiership footballers, while £58.6 million puts you in the same league as the most famous actors, actresses and supermodels.

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