'Wealth can be pretty isolating': Problems that rich people face, according to therapists
Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.
While wealth can bring with it some unconventional problems — such as being denied an invite-only Ferrari and accidentally destroying swathes of coral reefs with a 300-foot yacht — most other problems that the rich face may not be as esoteric as we think.
According to therapists that CNBC spoke to, more often than not, the super-rich struggle with feelings of isolation, depression, and paranoia, amongst others — a spectrum of emotions that many others tend to share.
"Most people can't understand how rich people can have problems. They dismiss rich people's mental health concerns as insignificant and of diminished importance," Paul Hokemeyer, a clinical psychotherapist who treats the ultra rich, told CNBC.
A top problem that Hokemeyer's clients suffer from is chronic isolation.
"They live in such a rarified place of the top 1% where there are very few people who share the realities of their world," said the founding principal of Drayson Mews clinic, who shared that the super rich often cannot be fully certain if people like them for who they are, or for what they have.
"People tend to see you as lucky and happy — neither may be true," said Amanda Falkson, a psychotherapist versed in wealth counseling at Psychotherapy City.
She noted that they too face the gamut of emotions such as grief, trauma, losses and challenging relationships. But in addition to that, pressure on how the money is spent, and who to trust.
"Wealth can be pretty isolating … sometimes all eyes are on you to see what you do with your money," she said, noting that some clients face the pressure of how they hope to be