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Americans say money can buy happiness. Here's their price tag. (www.cbsnews.com)

submitted 11 months ago by [email protected] to c/[email protected]

45 comments fedilink hide all child comments

Does happiness have a price? For a majority of Americans, the answer is yes — but it doesn't come cheap.

About 6 in 10 of Americans believe money can buy happiness, according to a new poll from financial services firm Empower. Yet to achieve happiness through financial means, most people say they'd need a significant raise, as well as a big chunk of money in the bank.

Median household income in the U.S. stands at about $74,000 annually, but respondents told Empower that they'd need to earn roughly $284,000 each year to achieve happiness.

And as for wealth, Americans said they'd need even more in the bank to feel content: $1.2 million, to be exact, the poll found. Many people are wealthier than they were a few years ago, thanks to the rise in real estate and stock market values, yet the median net worth of U.S. households stood at $192,900 in 2022, according to the Federal Reserve.

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[–] [email protected] 5 points 11 months ago (1 children)

Makes you happier than not being able to pay it.

[–] [email protected] 1 points 11 months ago (1 children)

Not-sad is different from happiness

[–] [email protected] -1 points 11 months ago

Buy a puppy