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Money Isn't a Big Factor in Lifetime Fulfillment, Study Says

NEW YORK (MainStreet) — When the Beatles recorded Can't Buy Me Love 50 years ago, who knew the Fab Four were financial prophets, way ahead of their time?

As it turns out, Americans say that not only money can't buy you love, it can't buy you fulfillment, either.

Let's go to the American Express LifeTwist Study for an explanation.

The study, released May 17, shows that success is not defined by dollar signs, but by "lifetime experiences." Amex dubs this sentiment as a "life twister" — meaning "success" is defined by many Americans as lifetime experience, detours and passions — not cash.

In fact, "having money" ranked 20th out of 22 "successful life factors" compiled by American Express.

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What's more, 81% of Americans, according to the survey, say how you spend your money is more important than how much money you accumulate. And 72% say they would rather pour their financial resources into lifetime experiences than a big house or a luxury vehicle.

Maybe that's due to changing attitudes coming out of the Great Recession, which was a real emotional gut check for millions of Americans. Whatever the reason, money has become secondary these days.

"Today, Americans say that feeling successful is driven less by the amount of money they earn, and more by having a job they love, rewarding relationships and contributing to their communities," says Josh Silverman, president of the consumer services division at American Express.

Here's how the study ranks lifetime "fulfillment" priorities among U.S. adults:

  • Being in good health (85%)
  • Finding time for the important things in life (83%)
  • Having a good marriage/relationship (81%)
  • Knowing how to spend money well (81%)
  • Having a good work/personal life balance (79%)
  • Having a job you love (75%)
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Read More:   living well
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