Who wants to be a millionaire?

Not most Americans, it turns out.

While most people say they'd like to be wealthy, a new survey shows they are more interested in meaningful relationships with family and friends, a good education, interesting work, and religious faith.

The findings are from "Money and the American Family," a study released last week by AARP, formerly the American Association of Retired Persons.

Twenty-seven percent of men and 40 percent of women said they did not want to become wealthy. More than half defined wealth as up to $500,000 in total assets, and only 8 percent said $1 million would make them feel wealthy.

Four out of 5 people feared wealth would turn them into greedy people who consider themselves superior.

"There are certain types - the driven young men you read about on Wall Street - who want to make lots of money as a way of keeping score," says Andrew Hacker, a professor of political science at Queens College in New York. "But most of us just want enough to feel comfortable and secure."

Cultural differences were also evident. Asian-Americans, Hispanics, and African-Americans were more likely than whites to provide money to parents or in-laws.

(c) Copyright 2000. The Christian Science Publishing Society

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...