May 3, 2016
Many of those at the top of the wealth curve are generous with their money and time, feeling a strong social responsibility to give back.
Our Meaning of Life survey indicates that the wealthier the individual, the more likely they are to be involved in volunteering in their spare time than those further down the wealth curve. As well as contributing a great deal of time to others, those with a worth over €5m spend on average €7,800 on volunteering activities per annum.
Other hobbies coming closely behind include playing music (spending €5,532.7) and shopping (spending €5,479.5). Those with lower net worth do donate large sums towards volunteering but spend more money on other hobbies.
