Source: https://www.empower.com/the-currency/money/research-financial-happiness

    • YearOfTheCommieDesktop [they/them]
      ·
      edit-2
      11 months ago

      Pretty close but it's actually this https://www.empower.com/the-currency/money/research-financial-happiness

      Which I'm sure is extremely reliable and thorough

      here's what they say, anyhow:

      Show

      • context [fae/faer, fae/faer]
        ·
        11 months ago

        okay so some dork between the ages of 30 and 40 or so responded to an online survey asking how much they need to be happy and said a billion dollars or something like that

        • CarbonScored [any]
          ·
          11 months ago

          If the paragraph is true, then no. The 95% CI with +/- 2.9% means the data isn't heavily skewed by a few outliers.

          • context [fae/faer, fae/faer]
            ·
            11 months ago

            +/- 2.9 percentage points not percent. which means it applies to the "72% of millenials say" part, that they're 95% confident that the true proportion of millenials that say so is between 69% and 75%. it does not mean that they're 95% confident that the true average salary needed for millenials to be happy is $526k +/- $16k.

            • CarbonScored [any]
              ·
              11 months ago

              Ah, I think you're right. I read that very poorly, boo.

              Sorry team, thanks for the correction.

    • 420blazeit69 [he/him]
      ·
      edit-2
      11 months ago
      • Not in housing market, hasn't had to contemplate buying a house
      • Knows exactly how much buying a house will cost and is currently paying high rent
      • Is near paying off a house they bought much cheaper
      • Has long since paid off a house or two
  • GrouchyGrouse [he/him]
    ·
    11 months ago

    I buy my avocados for my avocado toast directly from Mexican cartels just to give boomers an extra dose of the fear.

  • Juice [none/use name]
    ·
    11 months ago

    Millennials know the secret. Whenever anyone asks you "how much," you think of a number and triple it. If your answer doesn't make the other person literally gag, then you aren't asking for enough.

    • Adkml [he/him]
      ·
      11 months ago

      "How much would it take for you to be happy"

      "How much you got?"

      • Juice [none/use name]
        ·
        11 months ago

        Its literally the only answer that makes sense. "How much would I have to make per year to be happy? How about a million dollars, fuck you"

  • D61 [any]
    ·
    11 months ago

    The first word that comes to mind when people think about financial happiness is freedom, followed by security and relief,

    ... isn’t just about reaching a far-out net worth – it’s achieved by addressing money milestones like being able to pay bills on time (67%), living debt free (65%), affording everyday luxuries without worry (54%), and owning a home (45%)...

    73% of Americans saying they’re experiencing financial stress

    Most Americans believe that money can buy happiness, but it amounts to more than net worth: 71% of Americans believe that “having more money would solve most of my problems” and 59% of Americans say money can buy happiness – though just 17% say financial happiness is reaching a certain net worth. Most associate happiness with on-time bill payment (67%) and a debt-free status (65%). For 44% of Americans, including 58% of Gen Z and 55% of Millennials and Gen X, financial happiness means having a good work/life balance.

    A majority say contentment is not having to rely on anyone else financially (87%), being able to withstand unexpected financial needs (87%), and the ability to financially take care of loved ones (84%).

    It seems like "happiness" as defined by this article is: not being stressed out by financial issues, being able to absorb unexpected financial emergencies, and having some pocket money to occasionally spend on things that aren't really necessary but its just nice to be able to indulge in occasionally.

    • SkingradGuard [he/him, comrade/them]
      ·
      11 months ago

      It seems like "happiness" as defined by this article is: not being stressed out by financial issues, being able to absorb unexpected financial emergencies, and having some pocket money to occasionally spend on things that aren't really necessary but its just nice to be able to indulge in occasionally.

      Yeah that's happiness to me, I'd kill to live a life like this.

  • TupamarosShakur [he/him]
    ·
    11 months ago

    Millenial levels are so elevated because they need to buy all those avocados for avocado toast

  • WhatDoYouMeanPodcast [comrade/them]
    ·
    11 months ago

    124k/yr when a boomer was my age is like double what the Millennial is asking for. Gen Z is only asking for enough money to service their student loan and pay rent.

  • thebartermyth [he/him]
    ·
    11 months ago

    Wow all of these numbers are so high, are people actually getting paid this much??

    • Raebxeh
      ·
      11 months ago

      The vast majority of people are not, even in the imperial core

  • borlax
    ·
    edit-2
    3 months ago

    deleted by creator

  • sooper_dooper_roofer [none/use name]
    ·
    edit-2
    11 months ago

    Millennials probably just live in the city

    you really can't be materially comfortable living in a US city unless you make a few hundred thousand

    half of zoomers are under 18 so their opinion on money doesn't count