Rich In Wealth, Rich In Worry

   By drodriguez  Apr 01, 2011

If you ever dreamed that being rich would solve all your problems and allow you to live out the rest of your life as a resident on cloud nine, you may be surprised to hear how unsatisfied some of the wealthiest people in the world really feel.

So, what do these uber-rich families have to gripe about?  Surprisingly, many of them report that they have money worries. Most of the respondents confess that they do not feel financially secure and would need at least 25 percent more wealth in order to satisfy a sense of security.  

But we’re not talking about your average “comfortably living” rich person here. The Atlantic recently published some of the findings from the Boston College study, “The Joys and Dilemmas of Wealth,” that focused mainly on households with $25 million in assets.  Of the 165 respondents, the average person’s networth was $78 million, with 2 of them reporting to be billionaires.

Love, work, and family were also major sources of anxiety for the super rich.  They feel that many of their relationships they have with others are superficial and contingent on gift-giving.  Many also worry their children would become “trust-fund brats” when given their inheritance or end up resenting parents who give their wealth to charity.  

What do you think of the study that reveals the super-rich are often unhappy with their lives?

Do you think money can make a person happier?



Make a Comment

blueskys by blueskys | Brick, NJ
Apr 12, 2011

I don't think those that fall into the million plus range can even be in the same conversation as those that will never have the chance to make that kind of money. Yes, A person making millions that is not happy must be unfufilled in other areas of life, lacking in love,friends,family life. For those who have everything else going for them but just are having a tough time financially I'm sure coming into some money would lift the pressures of money woes giving them the chance to take a breath, not worry, and enjoy the happiness that they already have in their life.

Sardonix by Sardonix | Miami, FL
Apr 04, 2011

People who focus only on money will never be happy, no matter how much they have.Be glad about what you do have. If you are able to pay your bills and have a roof over your head, in today's economy, you're doing well.

sharman421 by sharman421 | TALLAHASSEE, FL
Apr 02, 2011

Great article. Very thought provoking. Who wouldn't want to have the security of a lot of money? Those of us struggling might not empathize with the wealthy, but hey, we are all human beings with the same emotions, hopes, desires, etc. There are so many more important things than material goods that money cannot buy. But for those out of work, even a decent meal is a concern. These are hard times. Raising a "trust fund brat" should only be a concern if the parents have not taken the time to raise their children with values and to model good moral standards. I can understand the feeling some wealthy people must feel about friendship and relationships also. Is it real or is it superficial? Perhaps with more money come more problems.

msfriendly by msfriendly | MONROE, WI
Apr 02, 2011

Very complicated question here. Goes to show that money doesn't buy happiness. But I think it is less worrisome than where your next meal will come from or if you can pay the bills.

FashionistaQueen by FashionistaQueen | Appleton, WI
Apr 01, 2011

I dont really think these people have anything to complain about. They will never have to worry about if they can pay the rent this month, or if they can afford braces for their child. They dont understand the real world worries. I know money doesnt give you happiness and it can present itself with worries but the worries are pathetic compared to the worries of a person who may be in poverty and struggles from day to day.

Magic46 by Magic46 | Brooklyn , NY
Apr 01, 2011

Who is in the best position - young but poor student or rich but old man? It is a complicated question. Money would help me to feel more secured for sure and happier too. I don't like the money itself, I like the possibilities it gives me

cvarano by cvarano | BROOKLYN, NY
Apr 01, 2011

No matter who you are or what kind of money you have you need struggles in your life. Everyone has ups and downs and the downs are what make the ups feel so good. I would understand the worries about raising a trust-fund brat. That would definitely be a concern if I suddenly became a bazillionaire, although the worries about affording to buy our own home one day, health care, our child's education and family vacations would vanish..but it's a trade off. Heh heh.

mrsmcelrath by mrsmcelrath | SUSANVILLE, CA
Apr 01, 2011

Ugh. Please. My husband was laid off the week before Christmas, no one is hiring, and we're struggling to keep our house and put food on the table. Money doesn't make you happy, but it sure does help to pay the bills.

gypsy4360 by gypsy4360 | ELEANOR, WV
Apr 01, 2011

I say they need to suck it up. The majority of americans live pay check to pay check. Many can not afford health insurance, groceries, or gas for their car. Get a real life, with real problems and then I might care!!! I assure you, anyone with the incomes you are talking about, got their money from the sweat of someone elses brow!!!

donnabunny by donnabunny | LOWELL, MA
Apr 01, 2011

I do not think money makes a person happy. I know many people with money and they are miserable.

tammy by tammy | Tallahassee, FL
Apr 01, 2011

I can understand that type of worry, the volatility of today's market, the uncertainty of our national economic state, and lack of consumer confidence can leave you feeling financially insecure.