High-Net-Worth Americans Pursue Wealth for ‘Emotional Wellbeing’
While wealth is conventionally defined in financial terms, most high-net-worth Americans today associate money with “emotional wellbeing,” according to a report released Monday by Boston Private Wealth.
Boston Private “Why of Wealth” Study Reveals the Psychology Behind Wealth Creation and Accumulation
Boston Private, a leading provider of fully integrated wealth management, trust and private banking services, today released the “Why of Wealth,” a comprehensive survey unveiling the psychological factors playing into how Americans interact with their wealth. This new report aims to unearth the emotional relationship we have with our finances: why we pursue wealth, how wealth makes us feel, what are the ‘costs’ of wealth, among others.
Millionaires Reflect on What Wealth Means to Them
Sixty-five percent of well-to-do Americans in a recent survey defined “wealth” as peace of mind, while 54% defined it as happiness.
Balancing the Benefit and the Burden of Wealth
So much for that old saw that money can’t buy happiness. A new survey of people who have built significant wealth on their own found that money has actually bought them a lot of happiness.
Advisers See Investor Reaction to Market Volatility as a Challenge
Nearly half of financial professionals (46%)—wirehouse advisers, registered investment advisers (RIAs) and independent broker-dealers—say their clients are reacting emotionally to the recent market volatility, according to a survey by Natixis Investment Managers. Eighty-two percent say that the prolonged bull market has made investors complacent about risk, and they fear that investors will panic in the face of continued volatility.