Is there an amount of money you could receive today that would make you happy? If so, how much money would you need to be happy? Americans are divided over this question: 59% believe that money can buy happiness, according to a recent survey. The generational divide over the amount of money we believe would make us happy is stark. Millennials feel they need the most money, at almost $1.7 million, and the generation right below them, Gen Z, believe they need less than $500,000 to be happy. Gen X and Baby Boomers fall in the middle.
Interesting article. In the past I have read articles on the topic of "happiness" that instead of being based on net worth, were based on annual Salary. I have read from more than one source that the happiness level is around $75,000/year. Obviously for high income people, $75k might seem to be on the level of poverty, but for most of us, this would be a salary level where we can keep our bills paid up and make substantial investments into IRA's and 401K and take care of our family without "life passing us by."
Interesting article. In the past I have read articles on the topic of "happiness" that instead of being based on net worth, were based on annual Salary. I have read from more than one source that the happiness level is around $75,000/year. Obviously for high income people, $75k might seem to be on the level of poverty, but for most of us, this would be a salary level where we can keep our bills paid up and make substantial investments into IRA's and 401K and take care of our family without "life passing us by."