Half of Americans Say Giving Is Best Part of Wealth

Giving money away to good causes is the most satisfying part of life for at least half of America’s millionaires and billionaires, according to a survey released Tuesday by U.S. Trust, a subsidiary of Bank of America. Philanthropy ranked highest for a bigger share of the rich than the possessions and lifestyle that come with wealth, according to the study of 711 people with at least $3 million in assets beyond their home. Young rich people were more likely than others to cite philanthropy as the best part of wealth.