A cool $161,000 makes us happy
A new global survey finds that people do need quite a bit of cash to feel content.
A new study by Skandia International asked people in 13 countries about what level of income they would need to feel "really happy." The responses varied by country, but averaged out at about 15 times the global individual income average of $10,700. Yeah, I'd say $161,000 would be enough to put a smile on most faces.
Skandia skipped the U.S. in its survey, so we don't know what level of money brings happiness here. But of the countries surveyed, those hard-working, stoic Germans had the most modest needs, saying that only $85,781 would be necessary. Everyone else zipped up past the $100,000 mark, with France coming in at $114,344 and the United Kingdom at $133,010.
Residents of Hong Kong, Singapore and Dubai had the highest totals, with Dubai coming in first with an average of $276,150 for pure happiness.
And money does in fact equate to happiness for most respondents. About 80% said that money would make them happy, the researchers said. That percentage rose to 93% percent in Brazil, while Europeans didn't see as much correlation between money and happiness. In Germany, only 68% of people equated money with happiness.
The survey also asked about debt levels, and -- perhaps not coincidentally -- the countries that required the most money for happiness also had some of the highest average debts. Residents of Dubai said they would need about $19,000 to pay off all their debts, excluding mortgages. Germans only needed about $5,800 to pay their debts -- the lowest of all countries surveyed.
More from Money Now
- Buffett bashes investing 'casino game'
then MAYBE they could catch up...
Bottom line is more and more Americans are becoming informed on what they eat, how it's prepared, etc.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages capped a solid week with a broad advance. The S&P 500 added 0.5%, extending its weekly gain to 2.7%.
Equities spent the entire session in a steady climb after the final reading of third quarter GDP sparked a broad-based rally. The report pointed to growth of 4.1%, which was the strongest reading since the economy expanded by 4.9% in the fourth quarter of 2011, and well above the 2.5% gain reported in the second quarter. Real final sales, which ... More
More Market News
Well-to-do shoppers and those seeking premium goods are spending with gusto. Here are the companies really ringing up profits.
MUST-SEE ON MSN
- Video: The next pastry mashup - The Cro-Knot
This twist on the croissant-doughnut craze is dipped in maple glaze.
- 15 cars that literally drive themselves
- 2013's good news stories
- Bing: Ancient DNA from human relative sets age record