What Do Rich People Worry About?

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Would a million dollars make you happier? Most people think it would, but research shows that, beyond providing for your basic needs, money doesn't add much to your happiness. Why not? Because it brings an entirely new set of problems like becoming a target for lawsuits, fear of being cheated by your financial advisers, and all kinds of other things that average people don't worry much about. Forbes profiles what worries the rich.

Security concerns grow with the size of the fortune, according to Prince's data. For example, only 17.6% of those polled with a net worth between $500,000 and a million dollars say they feared being unjustly sued. In the highest bracket–net worth above $20 million–83.5% say they feared suits. Identity theft? That's a biggie. At the bottom level, 45% fear it. At the top level 74% say they're concerned.

The other big area of worry: Duh, money. But perhaps not the way everyone worries about it.

The financial challenges of the rich "have repercussions," says Christopher Keating, vice president and consumer strategist for Minneapolis research firm Iconoculture. "It affects their companies, their employees, their families, communities and charities."

And for those of you that don't worry about money but do worry about zombies (like the picture above says), you can buy that t-shirt here.

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  1. Karsten's Gravatar Comment by Karsten on May 24th, 2007 at 3:30 pm

    As a non-rich person, I’ve always wondered what motivated super rich people to keep on working and accumulating wealth. Is it power? greed? ego? sense of obligation? who knows… I usually assume that its more of a power/ego thing but I could be wrong.

    Personally I can agree with the thinking that your worries don’t go away with wealth but rather that they change. At the same time, I also think that these worries, while real, are likely less substantial in nature. For myself, I find the fear of being unable to provide for my family and pay my mortgage to be a real concern. If I had $10M in the bank, then I would not have these fears. So while money won’t make you happy, I think it would make you more secure at the very least.

  2. Barb's Gravatar Comment by Barb on May 28th, 2007 at 1:35 am

    I agree. Even though they can afford to hire anyone to do what they say, there is still fear within them that makes them worry.
    I haven’t met anyone yet who doesn’t worry.

  3. Nancy's Gravatar Comment by Nancy on May 28th, 2007 at 7:24 pm

    I agree that rich people may have all things that they want, but they still have to worry about protecting their riches. We know that they most thieves will target rich people.

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