Are Wealthy Rich People Any Happier?

(Newswire.net — April 5, 2014) Bournemouth, DORSET — 

The truly wealthy people are those that are not only millionaires but multi-millionaires.

Like Eddie Jordan a so-called Formula One mogul who recently received access to his new 155 Sunseeker yacht, bigger than an average family house worth thirty-two million pounds.

If you think this is wealthy then there are even more wealthier people. On a bigger level are wealthy Chinese who do not buy yachts but buy the yacht companies themselves.

Recently, Dalian Wanda Group, the China-based property giant, acquired control of British yacht-maker Sunseeker International for around $500 million. Sunseeker is famous for making the speedboat that appeared in the James Bond film “Quantum of Solace.”

Dalian Wanda is controlled by billionaire Wang Jianlin.

According to a recent Pew Research Center surveys, the growing gulf between the rich and poor will likely continue.

The percentage of Americans who say they’re middle or upper-middle class fell 8 points between 2008 and 2012, to 55 percent, according to Gallup.

Individuals and families who feel they’ve slipped from the middle class are likely to spend and borrow less. Such a pullback, in turn, squeezes the economy, which is fueled mainly by consumer spending.

Since mid-2009, some 95 percent of all US income gains have gone to the top 1 percent. Now, even powerful financiers are alarmed by the increased income inequality between rich and poor.

“For the past 10, 20, 30 years, capital has moved away from labor and towards corporations and investors,” Bill Gross, the most powerful bond manager of his generation and co-head of a $2 trillion investment management firm, says.

Money buys happiness. Those who can afford to have their basic material needs taken care of are happier than those who cannot.

Money does not buy happiness. After having your basic material needs met, additional money does not have any impact on your levels of happiness.

Within some countries, income matters to happiness (Oswald 1997; Diener et al. 2003). Deprivation and abject poverty in particular are very bad for happiness.

Yet after basic needs are met, other factors such as rising aspirations, relative income differences, and the security of gains become increasingly important in addition to income.

For a majority of people being wealthy is what dreams are made of and not possible unless luck comes in and wealth by being a lottery winner or a long-forgotten relative dies and leaves them a big inheritance.

Apart from extreme luck the only way many people can attain their own wealth and happiness is from investing.

Forex Elite Investments Ltd have an exclusive opportunity that will help many people who are looking to create enough in order to meet their basic needs and more so they can be in control of their own wealth and happiness.

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Sources:

http://www.dailymail.co.uk/news/article-2596702/PICTURED-Inside-Formula-One-mogul-Eddie-Jordans-new-32million-super-yacht- comes-complete-nightclub-length-bar-hot-tub.html

http://www.cnbc.com/id/101170781

http://www.pewresearch.org/fact-tank/2013/12/05/americans-see-growing-gap-between-rich-and-poor/

http://host.madison.com/business/more-americans-see-middle-class-status-slipping/article_8c50050a-11d0-5b7d-b1ee- 072376482fb5.html

http://www.csmonitor.com/USA/2014/0105/Income-inequality-Does-wider-gap-between-rich-and-poor-threaten-capitalism

http://www.independent.co.uk/news/uk/home-news/experts-confirm-that-money-does-buy-happiness–but-only-up-to-22100- 8968255.html

http://www.davidweedmark.com/archives/facts-about-happiness/

http://www.encyclopedia.com/topic/Happiness.aspx

https://www.apa.org/monitor/2012/07-08/money.aspx

http://en.wikipedia.org/wiki/Happiness