Wealthy People Depend on Libraries

High BookshelfWhy do wealthy people depend on libraries? You may not know this, but the highest averages of people that visit the library have a family income of over $75,000.

Here are two main reasons:

Wealthy people become rich by reading.

“The average millionaire reads at least one book a month.” ~ Dave Ramsey

“88% of wealthy CEO’s read books to help improve skills. 12% read books just for fun.” ~ The Road to Reinvention, by Josh Linkner

“For every year spent reading, it increases earning potential.” ~ K12 Reader.

“Reading for pleasure helps clarify career goals.” ~ Journal of Librarianship and Information Science

“You are the same today as you’ll be in five years except for two things: the books you read and the people you meet.” ~ Charlie “Tremendous” Jones

“The biggest single indicator of whether a child is going to thrive at school and in work is whether or not they read for pleasure.” ~ United Nations Educational, Scientific and Cultural Organization

“Reading in short bursts for pleasure makes more difficult reading easier.” ~ Schoonever/La Brant research test

“93% of students that read daily on their own will do as well, if not better, than students that are only reading in Language Arts class.” ~ Reading Comprehension Test of Students

“Young people who read outside of class are 13 times more likely to read above the expected level for their age.” ~ United Nations Educational, Scientific and Cultural Organization

Wealthy people become rich by saving money.

Not only is it important for the wealthy to improve their skills and creativity by reading, it’s also important to save money.

The average wealthy person reads 27 books per year. Paperbacks can cost anywhere from $7.95 to $17.95. Hardbacks cost about $25.00. (Keep in mind that only 4% of readers prefer eBooks and 46% of readers prefer printed books.)

If a person read 20 paperbacks and 7 hardbacks a year, it would cost them around $450. The cost to read those same books at the library is $0.00.

Become wealthy by reading and saving money. It all starts at your local library!

Other resources include Wall Street Journal, Pew Research Center, Amazon, Forbes Magazine, Business Insider. (Written by Ron Knight)

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