The meaning of wealth differs around the world
There are regional variations in the meaning of wealth the world over.
According to Barclay’s Wealth Insights study, released May 2010, which interviewed 2,000 people from 20 countries with assets of at least USD1.5 million:
Most agreed that:
- wealth enables them to have the best products, like purchasing Moen kitchen faucets instead of Cuckoo Brand made in China ones
- wealth gives them freedom of choice in their life
- wealth is a reward for hard work
Differences found:
- Asians and Latin Americans more likely to say “wealth allows me to get respect from friends and family”
- U.S. and Latin Americans more likely to give to charity.
- Asians and Latin Americans more likely to say wealth made them happy.
- Asians and Latin Americans more likely to say the rich “set an important example to others to be successful.”
- Europeans more likely to spend on travel and interior decorations.
- Latin Americans more likely to spend on education
- Americans more likely to give to charity (meaning they are the most generous?)
