Society & Politics

Does it take $200,000 for you to be happy?

]https://www.yahoo.com/finance/news/price-happiness-200-000-according-093035394.html
The price of happiness? $200,000, according to one recent survey

A new survey found that, despite the cliche about money and happiness, a majority of Americans know the amount of money they would need to feel content.

Financial advice website Cardrates. com found that 56% of Americans say they would be content with a liquid net worth of over $200,000 dollars.

The survey, comprised of 786 employed Americans who are between 18 and 43 years old, found that having money may not buy happiness, but a safety net does allow one not to worry about a financial emergency.

"Knowing you’ve got money set aside can ease worries about future uncertainties, whether a medical emergency or a layoff," Jon McDonald, author of Cardrate's summary of the study wrote. "This peace of mind goes a long way in feeling happy overall."

The amount of money Americans need has grown in over a decade as a 2010 Gallup survey found that the annual salary respondents said would maximize happiness was $75,000.

The average American made $59,384 per year at the end of 2023, according to the U. S. Bureau of Labor Statistics.

Does it take $200,000 for you to be happy?
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