The sentiments of employed affluent people across the US and Europe have reached a 10-year high, polling shows. With the Dow Jones and NASDAQ up for the fourth week in a row and high-end real estate development booming, nearly all incredibly rich and well-employed consumers are spending more than ever and feeling positive about everything. The Pew Research Center found that 92% of people polled with an annual income of $1 million or more were “Very upbeat about the future”, “Planning multiple exotic holidays”, and felt that “Taxes were too high and benefits over zealous, needing serious government cutback”.
“It’s about time someone feels good in this country,” said Harold Worthstein, a broker on Wall Street speaking from his downtown office. “It works like this, when we [affluent people] do well and feel good, that positive energy trickles down through society. We get happy about the stock market, stocks go up. We feel good about life and the future, we hire more, give bigger bonuses and smile a lot, spreading the wealth of happiness.”
The trickle-down theory has long been theorized and disproven by economists, but social scientists are now reconsidering the theory in terms of overall social sentiments. “It is true that when one is surrounded by more happy people, they themselves feel better,” said Jennifer Floust an expert on group behavior. While it has not been studied yet, Ms. Floust and her colleagues believe that it may be plausible for one part of society to be so happy and content that it transfers positive sentiments to other parts of the society.
Given the levels of happiness that the world’s super rich are reporting, it may not be long before some positivity makes its way down to average, hard-working Americans and Europeans. “I would suggest that we simply wait and see, it might just work” added Floust.