The Chronicle of Philanthropy reports that “Wealthy people who give away 10 percent or more of their income to charity tend to build a higher net worth — and to be happier — than other wealthy individuals who give less” — quoting Thomas J. Stanley in his new book, Stop Acting Rich … and Start Living Like a Real Millionaire.
The most generous wealthy donors “are the least enamored with status. They have a small house and a big heart.”