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'
Meanwhile, Barry Obama continues the thievery - errr, redistribution - of (whose?) middle class democrat America's wealth under the guise of "taxing the wealthy."
....mmm. mmm. mmm!
I would be happy to have just enough money to relocate my baby sister via air ambulance, to a first class diagnostic facility, then to
the best hospital for treatment.
I learned something the actor once said. " They more money you make...the more people you support".
But then again you get those greedy people that will always want more.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.
A former American Express CEO says he has the remedy for America's struggling economy and unfair tax system.
- Is Abercrombie just for the 'cool kids'?
- Here's why a pigeon just sold for $400,000
- Detroit puts the pedal to the metal this summer
- Meet the class of 2013, the most indebted yet
- Welcome to the future: 3-D printable pizza
- Apple's stock is slipping, but its brand value isn't
- Oklahoma tornado losses could top $2 billion
- Target blames weather for soggy results
- Canada grabs for America's foreign skilled workers
[BRIEFING.COM] Commodities slid lower this afternoon post-FOMC minutes. Crude oil futures slid down near $94 barrel, precious metals and copper sold off and natural gas ended near the unchanged line.
Crude oil was as high as $96.19/barrel, but sold off over $2/barrel and fell as low as $94.02/barrel. June crude oil ended the day $1.85 lower at $94.25/barrel. June natural gas lost $0.01 at $4.18/MMBtu.
Sellers came out in the afternoon, causing gold and silver to extend losses. June ... More
More Market News
The retailer reportedly has hired Goldman Sachs to explore a possible sale and could fetch close to $3 billion.