'Therapist for the wealthy' warns of the 'toxic effect of abundance': 'Happiness is not found in wealth'

American psychotherapist Clay Cockrell, who runs a clinic in New York specializing in treating wealthy individuals , revealed what he believes is the secret to happiness.

His practice focuses on what he calls the “toxic effect of abundance,” a phenomenon that affects those who, despite having wealth, face feelings of emptiness, isolation, and distrust.

As he explained to BBC Mundo, most millionaires who come to therapy do so convinced that their peace of mind depends on reaching a specific amount in their bank account.

However, when they achieve it, the need for a greater goal appears, without having the expected satisfaction .

“Happiness isn't going to come from a bank account. It just isn't going to come,” Cockrell said.

The specialist warned that his patients often have family problems and a strong tendency toward isolation, as they distrust those who approach them.

“ Rich people tend to interact only with those who understand them. This is very common. And what happens is they become extremely isolated and distrustful of new people ,” he explained.

Cockrell also addressed the effects of wealth on younger generations. He stated that the children of millionaires live under pressure to surpass their parents and, in many cases, develop apathy toward life experiences.

“ When you expose your child to private jets, wonderful restaurants, and vacations to incredible locations, by the time they turn 21, they'll feel like they've seen it all and get bored ,” the psychotherapist said.

The therapist insisted that wealth should not be confused with well-being.

For him, the real challenge for his patients is to rediscover life goals that go beyond the mere accumulation of money.

Cockrell is known for writing about the similarities between his cases and the series Succession (2018-2023), which portrays the internal conflicts of a billionaire family.

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