Friday, December 13, 2019
You may be surprised how most Americans would spend $10 million
You may be surprised how most Americans would spend $10 millionYou may be surprised how most Americans would spend $10 millionWhat would you do if you had $10 million at your disposal? The average American would spend all of it in seven years, according to a new study.Research conducted by OnePoll asked 2,000 Americans what they would do with $10 million and surprisingly many would take their time spending it. Thirty-eight percent of participants claimed it would take them more than 10 years to spend the money, with just 11% saying they would splurge and spend it all under three years.More than half said they would invest or give some of the $10 million to family members. 47% said theyd stash it away in savings while 43% would pay off debt with their money.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreCharity wasnt amongst the highest ways of spreading the money, with just 37% saying they wou ld donate to charity.But for those who wanted to splurge and spend it on all-or-nothing, half of the respondents said it would be on a dream home. Nearly a third said they would buy a vacation dream home while almost a quarter (24%) would dish out the dough on a new sports car.Others said theyd find ways to explore the world with their fortune. Forty-three percent would travel and another 27% said they would go on a luxury vacation with $10 million. Some, even, dreamed bigger 15% would even buy their own private island.
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