Catherine S. McBreen is managing director of Spectrem Group, a strategic consulting firm specializing in the affluent and retirement markets.

In a new report, "Lifestyles of the Rich," Spectrem has found that the ultra-wealthy are a lot more like ordinary folks than we might imagine.

Examining those with a net worth of $5 million or more, not including primary residence, Spectrem tells us that the rich generally: have a very high savings and investment rate, attribute their wealth to "hard work," and spend their leisure time traveling, reading, golfing, exercising and gardening. McBreen discusses these findings in detail during her interview.

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