Thursday, November 14, 2019

You may be surprised how most Americans would spend $10 million

You may be surprised how most Americans would spend $10 million You may be surprised how most Americans would spend $10 million What 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 they’d stash it away in savings while 43% would pay off debt with their money.Follow Ladders on Flipboard!Follow Ladders’ magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and more!Charity wasn’t amongst the highest ways of spreading the money, with just 37% saying they would donate to charity.But for those who wanted to splurge and spend it on all-or-nothing, half of the respondents sa id 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 they’d 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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