Engineers Better Than Doctors and
Lawyers at Turning Income Into Wealth
ACEC Works With USAID on HaitiLawyers at Turning Income Into Wealth
Relief And Reconstruction Assistance
Engineers are more successful than doctors and lawyers at
transforming income into wealth, according to a new survey
by American wealth reseacher Thomas Stanley.
The survey, conducted by the University of Georgia Survey
Research Institute, was published in Stop Acting Rich…And Start
Living Like a Real Millionaire. The book is the latest in a series
by Stanley that explores the minds and behaviors of the wealthiest
Americans. In it, Stanley attributes engineers’ wealth-building
capacity to a thrifty nature.
“Engineers in general are a frugal group,” writes Stanley. “They
are less likely to favor expensive status-denoting products and
brands than other groups. For many of them, substance, design
and endurance are more important factors in selecting a product,
even a home, than showy style and status connotations.”
Interviews were conducted with more than 1,500 respondents,
representing more than 5,000 households from neighborhoods
with a high estimated incidence of millionaires, whom Stanley
defines as having $1 million in investments, excluding their homes.
