October 29, 2009

Giving Makes the Rich Richer  — and Happier

By Holly Hall

Giving away money to good causes helps the wealthy get richer — and live happier lives, new research finds.

Thomas J. Stanley, an author who specializes in writing about rich people, based his latest findings on a survey of 944 millionaires with net investment assets of $1-million or more (in addition to the value of their homes.)

He compared their net worth, spending habits, giving patterns, and their own reports of how happy they were.

Those who gave the