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those households have at least $25m in assets. The average net worth of those surveyed was $78m. The resulting study, The Joys and Dilemmas of Wealth, was 500 pages long and seemed to prove the old adage that money cant buy happiness. “Wealth can be a barrier to connecting with other people,” confessed a spouse of a tech entrepreneur who made about $80m. Some Americans have taken to keeping their wealth secret. “We talk about it as stealth wealth. There are a lot of people that are hiding their wealth because they are concerned about negative judgment,” said Traeger-Muney. If wealthy Americans talk about the unique challenges that come with their wealth, people often dismiss their experience. “People say 'Oh, poor you.' There is not a lot of sympathy there,” she said. “Wealth is still one of our last taboos.” Speaking in his soft, soothing voice that makes you want to spill all your worries, Cockrell said that a common mistake that many of his wealthy clients make is letting their money define them. “I dont think its healthy to discount your problems. If you are part of the 1%, you still have problems and they are legitimate to you. Even when you say, 'I dont have to struggle for money', there are other parts of your life. Money is not the only thing that defines you,” he said. “Your problems are legitimate.”

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August 2026