While most of us live paycheck-to-paycheck and dream of the day we can pay off our debts and comfortably afford our rent, there’s a mysterious class of super-wealthy people who own superyachts and private jets and look down on lesser millionaires. Who are these strange creatures? How did they get wealthy? Are they any happier than us? We looked to science for answers.
Maybe you have dreams of becoming one of them. Maybe you really like that Bruno Mars “Billionaire” song. Maybe you’re already planning your coin-filled pool. But we implore you to look closer at these financial dreams. Not being poor is definitely good for your health and mental happiness, but how rich is enough? During the pandemic, billionaires add $3.9 trillion to their finances while workers lost $3.7 trillion. Huh? Really makes you think that maybe hard work doesn’t make billions, but labor exploitation does. Maybe that’s just me, though.
People with below-average intelligence are just as likely to be wealthy
Only 1/3 of the wealthiest people think kids should have good public schools.
No, millionaires aren't moving to low tax states
Billionaires are bad for the environment
Feeling wealthy doesn't have much to do with the amount of money you have.
Wealth can bring life satisfaction if it's viewed as a sign of success
Using money to buy time can lead to increased happiness
High incomes lead to pride and confidence, but not compassion or gratitude.
People with a higher net worth at mid-life live longer.
Want to play sports in college? You better have wealthy parents.
Most Americans are neutral about billionaires
Billionaires who didn't inherit their billions are more generous than heirs.