In a recent article in the Wall Street Journal's Wealth Report, Don't Envy the Super-Rich, They Are Miserable, Robert Frank writes that the extremely wealthy tend to be a dissatisfied people with deep anxieties.
These findings are based on the results of a survey conducted by the Gates Foundation. Frank's article includes a number of quotes from those surveyed, including: "[f]inancial freedom can produce anxiety and hesitancy. In my own life, I have been intimidated about my abilities because I inherited money." In another quote concerning their hatred for the holidays, one respondent said the wealthy dread holidays "because they were always expected to give really good presents."
Posted by Kyle Petit, Associate Editor, Wealth Strategies Journal.
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