The Globe and Mail reports in its Monday edition that Martin Alderwick is a millionaire but he does not feel rich. The Globe's Meera Raman writes the 76-year-old retiree lives modestly in Guelph, Ont., with his wife. The couple bring in about $7,500 a month in retirement income and own a townhouse that makes up nearly 40 per cent of their total assets. Mr. Alderwick does not identify with the millionaire set. His unease reflects a growing reality in Canada: A rising number of people technically qualify as millionaires, but do not feel, or function, like it. According to the UBS 2025 Global Wealth Report, the number of so-called "everyday millionaires," those with wealth between $1-million (U.S.) and $5-million (U.S.), has quadrupled globally since 2000. In Canada, and around the world, much of that growth is tied to real estate. As home values surged in major cities and even midsized markets, many middle-class homeowners became millionaires without doing anything beyond staying put. But with that wealth locked into their primary residences, many of these individuals are likely confronting an uncomfortable truth that having a million-dollar net worth doesn't necessarily mean you are financially ready for retirement.