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Dr. Helen

A new study shows that penta-millionaires are happier than the merely rich:

The study found that 53 percent of those worth $5 million or more were “very satisfied” with their job or previous job. That compares with only 21 percent for those worth $100,000 or less.

The multi-millionaires are also twice as satisfied with their social life, presumably since the wealthy have no shortage of friends and invitations.

Nearly three quarters of the penta-millionaires are very satisfied with their marriage or “committed relationship” – far more than the 45 percent reported for the merely affluent. Millionaires are also significantly more likely to report higher levels of satisfaction regarding their relationships with their children (59 percent vs. 52 percent).

The findings on relationships and kids are perhaps the most surprising, since we tend to think of large wealth leaving behind a trail of broken marriages, alienated offspring and artificial friendships. The survey shows that, in fact, solid family relationships may not only accompany large wealth – they may in fact be one of the causes.

This news is not surprising. Thomas Stanley’s book, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, first written years ago, points out this “surprising” finding. Those who amass millions usually do so over time methodically, and steadily. The traits needed to save this way are often the same traits of reliability and loyalty one has to family and friends. Our culture wants to demonize all people with money as unhappy, greedy  types who prey on others, but it’s generally the people who envy them who have more of these traits.

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All Comments   (10)
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Dang! Who'dever thought? Goes against every thing a good Democrat tries to foist off on the everyman. My, my, my and gumption gravy!
1 year ago
1 year ago Link To Comment
I love the headline. In other news, the cardinals are expected to again choose a Catholic to be the next pope.
1 year ago
1 year ago Link To Comment
Do we really need a study to tell us what should be common sense? Yes, it's shocking that more money leads to more happiness in life. Contrary to the old adage that money can't buy happiness, it still buys a heck of a lot more than not having money....
1 year ago
1 year ago Link To Comment
I've been rich (relatively) and I've been poor. Rich is better!
1 year ago
1 year ago Link To Comment
Sour grapes.
1 year ago
1 year ago Link To Comment
I can't find it on youtube, but I am reminded of the scene in the original "Arthur" in which Dudley Moore stops at a flower shop to get some for his new love Liza Minnelli. The proprietor recognizes him and asks him, sarcastically, "How does it feel to have all that money?"

Arthur nods and says "Feels great!"
1 year ago
1 year ago Link To Comment
Uh yeah, it's called "Living the Good Life" -- the best food, booze, all that. But I still make the best mac & cheese on the planet, and that ain't bad.
1 year ago
1 year ago Link To Comment
I read this book a couple of years ago. It's quite interesting, and is The Millionaire Mind by the same author.

The vast majority of millionaires, over 80%, in this country made their fortunes in the last 50 years. They're usually small business owners. Most of them did not go to college. Those that did stayed for maybe two years. Those that graduated were C students. The A students work for the C students, or so the saying goes.

What did these guys learn in college? How to read people. Then they went out into the real world and went to work. They started their own businesses. One guy, a used car salesman, got the idea of selling used truck parts. He made millions.

Believe it or not, most millionaires live in houses that cost less that $200,000. They drive used cars. They dress casual. You wouldn't know that they were rich if you saw them walking down the street.

This is the illusion. Everybody believes that rich people live in mansions and drive expensive sports cars. Only fools do that. Most NFL players, despite earning millions, are completely broke within two years after leaving the league. I suspect the same is true for baseball and basketball players.

The real millionaires live simple lives. They live cheap; that's why they're millionaires. Their idea of a vacation is a Friday night high school football game.

They don't flaunt their wealth, because they don't need to. They'd rather have it.

I know several people exactly like that. They live cheap, dress casual, and have money. Of course, they're happy. They didn't buy into the illusion of wealth; they simply built it.

Oh, and the reason why "rich" people don't get divorced is because divorce is very expensive. They may agree to disagree and overlook their partner's infedility, that is their decision. But money is money. And these people don't waste money.
1 year ago
1 year ago Link To Comment
money may not buy happiness, but poverty sure as hell won't buy it either.
1 year ago
1 year ago Link To Comment
You don't need a study to know this. The rich are happier. I once knew a guy who married money. Most cheerful guy you could ever meet. Of course, we all hated him. Not because he married money. And not because he was so damn happy and cheerful all the time. But because he was so damn cheerful and happy from marring money. Then he got a divorce, and disappeared, never to be seen again. Now we are happy. And happy for his ex-wife. So it just goes to show, while money helps with happiness, you can be happy without it. No studying.
1 year ago
1 year ago Link To Comment
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