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Money does make people happy, says millionaires' survey

Wednesday 31 October 2012

Money does make people happy - at least that is one of the findings in a report on the assets and ideas of the Netherlands' millionaires by private bank Van Lanschot.

Some 86% of the 200 plus millionaires questioned for the report say they are happy, and that percentage improves with age.

But women are more likely than men to say money is behind their happiness. Seven out of 10 female millionaires say money makes people happy, compared with one in six men.

The Netherlands has some 92,000 households worth over a million euros but their average disposable income is just €78,000, the Van Lanschot report shows.

The report says one in 100 Dutch citizens is a millionaire and they control some 39% of the country’s wealth. Their average age is 50 but only 40% have a university education. And 53% have earned a large part of their fortune through their own businesses.

Does money make people happy? Share your ideas using the comment box below.

© DutchNews.nl


Readers' Comments

I would like some of that happiness...If every millionaire gave me 1000e,I could grow into a millionaire myself..

By elina | 3 November 2012 10:35 AM

I don't believe that money does in fact make you happy. As a house-husband I literally have only £1 to my name (still in a British account). My wife earns little more than the minimum wage but we are no less happy. Money can make people lonely and insecure. That said, poverty doesn't make people happy either.

By Darren | 3 November 2012 7:19 PM

So what I read was Women find happiness in money, and Men need something more. Who would have guessed that? Also, hard work beats out being over-educated. The Netherlands can learn something there.

By DH | 4 November 2012 8:54 AM


So, you wouldn't be happier if you could go out on vacation for once? Or get... "something" you'd really love to have?

It's true that non-material things makes you happy. But material things makes you happy as well.

Money CAN make lonely and insecure. But being poor can do just as well. In fact, being poor only increases that chance, since your options without money are greatly decreased.

By Someone | 7 November 2012 9:36 PM

Hi Someone

Vacations have never made me happy. Material items don't make me happy either.

This is my personal experience. I can find happiness in my own way as you can in yours.

I agree with you that being poor limits your options, but that does not change my personal point of view of happiness.

By Darren | 8 November 2012 12:04 AM

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