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Do Brits think you need to be rich in order to be ‘wealthy’?
Local TV
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10 months ago
Is being wealthy in life directly correlated to the amount of money you earn? Well, according to research by HSBC UK, half of people surveyed across the UK believe that having investments is actually a key measure of wealth.
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00:00
Is being wealthy in life directly correlated to the amount of money you earn?
00:05
Well, according to research by HSBC UK, half of people surveyed across the UK believe that
00:10
having investments is actually a key measure of wealth.
00:14
Similarly, people believe that having the ability to retire early and travel often are
00:18
key signifiers of wealth.
00:20
Alternatively, some Brits consider having something like a good kitchen island or a
00:24
work-life balance to be a sign of such affluence.
00:27
Vicky Raynell, a financial psychotherapist, said many of us are quick to assume others
00:32
have more than we do, a belief built through our perception of other people's spending
00:36
habits and perpetuated by vehicles like social media, which show life in terms of highlights
00:42
rather than daily routine.
00:44
Amidst a cost-of-living crisis, interestingly, it was found that only 1 in 5 Brits feel like
00:49
they're on track to reach their financial goals, with 3 in 10 saying they're prioritising
00:53
other costs at the moment.
00:55
But what do you think?
00:56
Do you think being wealthy is a signifier of better wellbeing, or do you find wealth
01:01
in other aspects of life?
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