Who’s more likely to report high levels of satisfaction with life in a comparison of men vs women investors? Learn more about the relationship between wealth, happiness and gender.
Affluent investors tend to report relatively high levels of satisfaction with their lives, according to a recent Millionaire Corner survey on the link between money and happiness. A closer look at men vs women investors reveals that men are generally more pleased with the way their lives are going.
Men report a somewhat higher overall level of happiness, 36 percent vs 34 percent, respectively, but the gap between men vs women investors widens considerably when it comes to marriage, finances and a variety of other factors. Here’s a closer look at the various satisfaction levels reported by men vs women investors:
· Marriage or committed relationship: Nearly two-thirds of men indicate they’re “very satisfied” with their marriage or committed relationship. A significantly smaller share of women – 58 percent – report the same high levels of satisfaction.
· Money Matters: Men are generally more confident than women about their financial prowess and this appears to translate into a higher level of satisfaction with personal finances among men vs women investors. Close to 43 percent of men vs 32 percent of women indicate they are “very satisfied” with their financial situation.
· Job: Men appear to be generally happier at work. Forty percent indicate they’re “very satisfied” with their job, or previous job if they’re retired, compared to 36 percent of women.
· Social Life and Leisure Activities: Men appear to be having more fun outside of work, as well. Just over 36 percent of men vs 32 percent of women indicate they are “very satisfied” with their social life, and 38 percent of men vs 34 percent of women say they’re “very satisfied” with fulfilling activities in their time off.
· Relationship with children: Parenthood proves the exception to the rule - barely. Sixty percent of women v. 58 percent of men say they are “very satisfied” with their relationship to their offspring.
The relative contentment of men vs women investors may reflect the diverging priorities among the two groups. Women are nearly twice as likely as men to identity “happy, healthy children” as important to attaining happiness, and give higher rankings to good health, community, extended family and helping others. Men place greater emphasis on financial security, job satisfaction, a happy marriage and sexual fulfilment.