Dec 1, 2023 - Economy

The richer you are, the more money you need to be happy

Annual salary Americans say they need to feel happier, by income&nbspgroup
Data: Empower Financial Happiness survey; Chart: Erin Davis/Axios Visuals

The American mood's been pretty low lately, but you know what might make people happier? Money.

Driving the news: In a recent survey, when asked if money can buy happiness, 59% of respondents said "yes." For millennials, the share was highest at 72%.

Zoom in: Respondents were asked what salary they would need to feel happy and less stressed.

  • It's a relative assessment. Those earning more than $200,000 a year needed a salary of $350,000; while folks at the bottom of the income scale said $33,250 a year would do the trick.
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