If you're in the 1 percent bracket and you feel guilty about it, there's help for you. According to Mother Jones' Erika Eichelberger, big banks are standing by to help the super-rich cope, with a plethora of psychological 'wealth counselling' services.
Rich people sometimes seek therapy to cope with the idea of providing trusts for their kids, says Amy Zehnder, a psychologist and "Senior Wealth Dynamics Coach" who counsels people with $25 million plus at U.S. Bank's Ascent Private Capital Management. Some wealthy parents are afraid that if they give their children trusts, the kids might end up spoiled -- or worse, waste the money, Zehnder says. She argues that her workshops, which have titles like "Responsible Wealth Ownership" and "Real Colors: Understanding Temperaments," can help clans "keep control of their money for multiple generations."
It's not just old money that haunts rich folks' psyches. The newly loaded often suffer from Sudden Wealth Syndrome (SWS), which has symptoms that may include alienation, denial, guilt, and spending sprees. "When you leapfrog from one socioeconomic position to the next, if you can't speak openly about... the challenges, that's when issues start to happen," says Traeger-Muney, who has created a program called the "Rich Life Portfolio" that helps people break habits that developed in their families' pasts.
|The Most Patriotic Thing You Can Do|
|Canada Ditches the Penny|
|Royal Canadian Mint Introduces Digital Currency|
|Where Did YOUR Tax Dollars Go?|
|“Astronomers have sent a radio message to a neighbouring star system.”|
|“A fraudster poses as an attractive woman and encourages a man to masturbate in front of a webcam.”|
|“When automation starts displacing lawyers, accountants and bankers, then we might see some push-back.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|“The homemade airplane does indeed fly!”|
|“Semis, not personal cars, are the smartest use of autonomous technology.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|How to Avoid Jury Duty|
|“Facebook has contributed to, and profited from, the erosion of democratic norms in the United States.”|
|Google Map Shows You the Most Photographed Areas of the World|
|Short Story of Similar Objects|
|“The education industry as a whole is a con.”|