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CS Chua
26-05-2010, 11:10 AM
I find the survey below interesting and helpful. I do not doubt its accuracy as it reflects my perspectives too. What do you think? What about the differences between the Malays, Indians, and the Chinese here?

The Meaning of Wealth Translated Around the World
by Robert Frank

Monday, May 24, 2010
provided by THE WALL STREET JOURNAL

The study surveyed 2,000 people from 20 countries with investible assets of $1.5 million or more. They shared some common themes: a vast majority of rich people from all regions agreed that wealth enables them to buy the best products and that wealth gives them freedom of choice in their life. Most also agreed that wealth is a reward for hard work.

But the differences are more interesting:

Respect
Asians and Latin Americans were more likely (49% and 47%) to say that wealth "allows me to get respect from friends and family." Only 28% of Europeans and 38% of Americans said respect was a byproduct of wealth.

Charity
About three-quarters of respondents in the U.S. and Latin America said wealth enabled them to give to charity. That compares with 57% in Europe and 66% in Asia.

Happiness
About two thirds of Europeans and Americans said wealth made them happy. But it had a greater happiness affect in emerging markets, with 76% of Asians and Latin Americans saying wealth made them happy.

Role Models
Less than half of Americans and Europeans say the wealthy "set an important example to others to be successful." That compares with 71% of Latin Americans and 61% of Asians.

Spending
Wealthy Europeans are far more likely to spend their dough on travel and interior decorating. Latin Americans seem to put the highest spending priority on education, while the U.S. surges above the rest in philanthropy (which the report counts as spending).

mykern
26-05-2010, 12:02 PM
Analysis:-
Wealthy Asians are happy because they are respected by getting the Latuk, TS DS etc.
Because they drive a Beemer (or other luxury car) .... they think they are role models ... these are all ego trips to show how wealthy they are ...
Noticed that the US and Europe do not regularly give out titles except for roles like President, Duke, Lord or Rt Honourable .... which is sometimes taken away when you do not hold that role anymore?
So the findings look credible .... money always make the poor happy from 'respect' received except in a 1st world country ....
Khap!~

aursong
26-05-2010, 01:21 PM
In Europe... much of the social benefits they enjoy are free and are much better then what being offer in Asia/Latin America... you won't need to be rich to be able to enjoy the services...
You don't need to pay for Medical, is free...
You don't need to pay high tuition fee for good quality education...
Employees enjoy good benefits compare to what other region have to offer...

In Latin America/Asia... you'll need to pay... the free public services are second rated... you need to be rich to enjoy better class social services...

Hence the result from the research...

my 2 cents...

CS Chua
26-05-2010, 03:43 PM
Analysis:-
Wealthy Asians are happy because they are respected by getting the Latuk, TS DS etc.
Because they drive a Beemer (or other luxury car) .... they think they are role models ... these are all ego trips to show how wealthy they are ...
Noticed that the US and Europe do not regularly give out titles except for roles like President, Duke, Lord or Rt Honourable .... which is sometimes taken away when you do not hold that role anymore?
So the findings look credible .... money always make the poor happy from 'respect' received except in a 1st world country ....
Khap!~
That is good contextualization regarding the title thingy. But, what about the Brits? They got titles too. Would they look at wealth the way these people do? As a means to get respect from family and society.

Sentinel
26-05-2010, 04:08 PM
In Europe... much of the social benefits they enjoy are free and are much better then what being offer in Asia/Latin America... you won't need to be rich to be able to enjoy the services...
You don't need to pay for Medical, is free...
You don't need to pay high tuition fee for good quality education...
Are you sure about these facts?

mykern
26-05-2010, 05:24 PM
That is good contextualization regarding the title thingy. But, what about the Brits? They got titles too. Would they look at wealth the way these people do? As a means to get respect from family and society.

We learnt (and adopted) it from them ... just like we inherited the English legal system ... and the common law ... and we still do!~ We still look to them for leader****!~
But they give the MBEs, OBEs and CBEs on merit ...... this differentiates them from us!~

Khap!~

Hiliary
26-05-2010, 09:58 PM
That is good contextualization regarding the title thingy. But, what about the Brits? They got titles too. Would they look at wealth the way these people do? As a means to get respect from family and society.

No. Not at all. Never.

CS Chua
26-05-2010, 10:47 PM
No. Not at all. Never.
Why, pray tell?

AllUrban
26-05-2010, 11:08 PM
No. Not at all. Never.In Britain your wealth & cultural standing are measured by your accent, your race, and the neighbourhood that you live in.

Probably not that different from any other place in the world.

Cheers, m

ps. my personal view of 'wealth' is to have the resources (time & money) to help my loved ones, family, friends & society (in no particular order).

Im totally amazed by the fact that, although my family could never be considered 'wealthy', my mum & dad would give time & money whenever they had a little bit extra, loaning it to friends like it was the proverbial 'cup of sugar', knowing that they could trust them to return the time/money/favour at the earliest possible opportunity.

During Ramadan my mum doesnt have to cook because there is a queue of kids bringing food from their families, for our buka puasa.

That is wealth to me.

CS Chua
27-05-2010, 12:16 PM
In Britain your wealth & cultural standing are measured by your accent, your race, and the neighbourhood that you live in.

Probably not that different from any other place in the world.

Cheers, m

ps. my personal view of 'wealth' is to have the resources (time & money) to help my loved ones, family, friends & society (in no particular order).

Im totally amazed by the fact that, although my family could never be considered 'wealthy', my mum & dad would give time & money whenever they had a little bit extra, loaning it to friends like it was the proverbial 'cup of sugar', knowing that they could trust them to return the time/money/favour at the earliest possible opportunity.

During Ramadan my mum doesnt have to cook because there is a queue of kids bringing food from their families, for our buka puasa.

That is wealth to me.
A good way to look at wealth. I saw a survey once that shows that money does not bring happiness. It does buy things but it does not bring any lasting happiness to the rich and powerful.

As for the Brits, I kinda of disagreed. Brits are snobbish by nature and they have a class system, whether they deny it or not. Being rich helps them to get into the next upper system.

Sentinel
27-05-2010, 12:53 PM
C'mon lah, wealth defines one's lifestyle and standing in society, any society, any part of the world and has been for centuries, lets not try to fool ourselves in believing otherwise.

CASH IS KING! Lets face it, being rich is not a sin, its how you earn your wealth, how you treat your wealth and how you treat your fellow men, rich and poor, that determine the kind of person we are.

We came into this world with nothing and we will also leave it with nothing. Thats the guideline we should live with.

Hiliary
27-05-2010, 09:55 PM
Why, pray tell?

Because your question was "As a means to get respect from family and society"

Money does not buy respect, at least not my idea of respect :D

Hiliary
27-05-2010, 10:00 PM
A good way to look at wealth. I saw a survey once that shows that money does not bring happiness. It does buy things but it does not bring any lasting happiness to the rich and powerful.

As for the Brits, I kinda of disagreed. Brits are snobbish by nature and they have a class system, whether they deny it or not. Being rich helps them to get into the next upper system.

Where old money still looks down on new money :D :D
It is posible for the upper class to have very little money AND still have respect, but i know nothing of British society today, or even the past 30+ years.

Sentinel
27-05-2010, 10:06 PM
Because your question was "As a means to get respect from family and society"

Money does not buy respect, at least not my idea of respect :D
There was a poem emailed to me sometime back, can't remember the entire thing but just a few lines....

Money can buy you sex, but not love...
Money can buy you title, but not respect...
Money can buy you medicine, but not health..
Money can buy you an education, but not knowledge...

Can't remember but a very meaningful one.