According to a survey by financial planner Empower, 59 percent of Americans believe that money can buy happiness, and that it costs approximately $1.2 million.
But just 17 percent It is said that financial well-being can be defined by a specific net worth. About two-thirds equate financial well-being with paying their bills on time and being debt-free.
of empower Research on “economic well-being” The survey was conducted between August 7th and 14th among 2,034 Americans aged 18 and older. The overall margin of error was 2.9 percentage points.
Pollsters have found the first words that come to mind when people are asked: financial well-being First place is “freedom”, followed by “peace of mind” and “peace of mind”.
The average salary that makes Americans happy is $284,167 per year. The men’s price range was her $381,000, much higher than the women’s average price of her $183,000.
There was a big one too generational divide. On average, Millennials listed a top salary of $525,000, while Gen Z said $128,000, Gen X said $130,000 and baby boomers said $124,000.
is more than 7 out of 10 people answered They say more money would solve most problems. Nearly a third (32%) said a gain of $15,000 would have a big impact on their lives, and 42% said a gain of $25,000 would make a big difference in their lives. .
The majority of Americans are 73 percentreported feeling financial stress amid high inflation and interest rates. A growing number of American workers believe they may need to delay retirement, if that is actually the case.
The Hill’s Miranda Nazzaro has more here.