Wealthy Americans Motivated by ‘Emotional Well-Being’

BY FANG BLOCK FOR BARRONS

While wealth is conventionally defined in financial terms, most high-net-worth Americans today associate money with “emotional well-being,” according to a recent report by Boston Private Wealth.
Among the 300 Americans surveyed with investable assets between $1 million and $20 million, 65 percent rank “peace of mind” and 54 percent rank “happiness” as the top measurement of their wealth, according to the wealth management firm, which is part of Boston Private Financial Holdings. Financial capital (savings, investment, etc.) ranks third. Click here for details of the study, reported by Barrons.