People need $100,000 salary to stop money worries
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The saying, "Money can't buy happiness" may be true. The U.S. financial planning experts Edelman Financial Engines conducted a survey on money. They found that almost six in ten people said they needed more than $100,000 a year to stop worrying about money. Around 50 per cent of the people in the survey said they needed an annual salary of $200,000 to feel happy and safe. The report stated that only 12 per cent of Americans think they are wealthy. It also reported that just 33 per cent of millionaires in the USA said they felt financially secure.
The report is called "Everyday Wealth in America". More than 3,000 adults answered questions about money worries. Half of the people said they were "rich". They had wealth between $500,000 and $3 million. An Edelman spokesperson said: "Many Americans, even those who are affluent, aren't feeling very confident about their financial situation." She added: "It was a dream to say you could make $100,000". However, such a salary today simply means a stable lifestyle. A salary of $100,000 is no longer a sign of financial success and happiness.
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