Rich people tend to view money the same way, no matter how old they are — with one big exception

• Millennials, Gen X, and baby boomers all view wealth as a means of peace of mind, happiness, and financial capital, reveals Boston Private's 2018 "The Why of Wealth" report.
• However, millennials place significantly more emphasis on wealth as a means of power and influence.
• Males seek forms of external and reputational wealth, while females place more value on inner emotional wealth.

---

Turns out, millennials, Gen X, and baby boomers have something in common — at least, the rich ones do.

High-net-worth individuals of all three generations predominately regard wealth as peace of mind and happiness, according to Boston Private's 2018 "The Why of Wealth" report, which surveyed respondents with net investable assets between $1 million and $20 million.

See the rest of the story at Business Insider

NOW WATCH: The simple rule this couple follows to avoid fighting about money

See Also:

• Here's how many brunches you'd have to skip to afford a weekend away with your friends
• Two Harvard alums built a payment app so people can pay for rent, tuition, and even taxes with a credit card
• Taylor Swift owns at least $84 million in real estate across four states — and she's not even 30

SEE ALSO: There are 3 ways to keep your kids from being spoiled, no matter how rich you are

DON'T MISS: People assume trust-fund babies are spoiled 20-somethings born with silver spoons — but they're not always who you think

from Business Insider https://ift.tt/2zePyQ0