"How much money would make you happy? According to the average American, the price tag comes in around $1.2 million.
New research from Empower, a leader in financial planning, investing and advice, reveals 6 in 10 Americans believe money can buy happiness, though just 17% say financial contentment is about reaching a certain net worth. It turns out that a little goes a long way and incremental financial wins can make a massive impact on Americans’ well-being."
"While the study found that 7 in 10 Americans (71%) believe more money would solve most of their problems, for a third (32%) a relatively attainable gain of $15,000 would make a meaningful impact in their lives, boosting their feeling of financial happiness for six months. That number surges to 42% with a $25,000 gain, and just $5,000 would do it for 17%.
Indeed, happiness manifests in big and small ways. The majority of Americans say it’s on-time bill payment (67%) and living debt-free (65%), while roughly half say it’s the ability to afford small luxuries without guilt (54%) and home ownership (45%)."
https://njbmagazine.com/njb-news-now/more-than-half-of-americans-say-money-buys-happiness/