Millionaires Support Four-Day Workweek

Wealth, we hear constantly, comes from hard work. But Google chief Larry Page — no slouch in the wealth department — says the workweek should be shorter. So do most millionaires who commented in a recent survey. In a discussion with tech investor Vinod Khosla, Page said "the idea that everyone needs to work frantically to meet people's needs is just not true." We spend too much time working for things we don't need, he said. One answer he suggested would be a "coordinated way to reduce the workweek.” Easy for a billionaire workaholic to say. But even everyday millionaires think our workweek should be shorter. A survey by Spectrem Group found that more than 69 percent of millionaires surveyed (those with investible assets of $1 million or more) said they believed the four-day workweek is a "valid idea." Women were even more supportive — 82 percent of female millionaires backed the idea. A shorter week, though, doesn’t mean fewer hours. Most millionaires support four 10-hour days, so the standard workweek would still be 40 hours.

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