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(Today)   How much income do you need to be "happy"? $161,000. Unless you live in Dubai. Then it's $276,000   (lifeinc.today.com) divider line 85
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5627 clicks; posted to Main » on 30 Nov 2012 at 10:45 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-01 12:28:49 AM
I make about 30k, my fiancée and I make about 50k between us, live in a house that was bought for 70 and appraised for 81k this year. That's pretty standard for where we live. Do we want to make more? Yes. Are we happy? Yes. We worry about bills and stuff sure, but we pay them on time, try and safe, and don't waste money. 75k a year would be a godsend.
 
2012-12-01 12:29:55 AM
Save... Damn autocorrect
 
2012-12-01 12:30:56 AM
I've earned roughly $165,000 so far this year. It's not that much money.
 
2012-12-01 12:35:15 AM

sure haven't: jaytkay: sure haven't: In any major city, a house worth living in is like at least $400,000...An income of $75,000 alone or household would get you just barely above the poverty line in most major cities in North American.

I just looked up the median home price in the Chicago (my) area.

$183,000.00

You have no grasp on how most people live.

In the ghetto? Crackton? An old hospital wing turned into a dive house?
I said house worth living in. To me worth living in is something of quality, more importantly somewhere of quality. I also never said whether I could afford it or not. I could be as poor as anyone.


Real estate isn't your bag, is it?
 
TWX
2012-12-01 12:53:21 AM
Sticky Hands:
the article has a bit on it:

Surveys show that among Americans, most say they need $1 million or more to feel wealthy.


Gyrfalcon:
Of course, the article contradicts itself and its headline several times.

The survey doesn't ask about total wealth needed to feel happy. But it does ask about the amount of wealth needed to feel "wealthy." Globally, the average amount needed to feel wealthy was $1.8 million.

And earlier: Rising income, it turns out, produces greater happiness until you get to around $75,000. After that, there are diminishing returns, with more income leading to little or no gain in real happiness.

So basically, money does (or does not) make you happy; although more money does (or does not) make you happier. And you need at least $75,000 (or $161,000) to feel happy (or wealthy), although more might make you happier (or wealthier) (or not). While in Dubai, $276,000 is needed to feel happy, or $2.6 million to feel wealthy--although you'll be just as happy with $75,000 either way. Or not.


I think that a lot of happiness in life is the right balance of stressors and obligations to choices, and a part of that equation is how many stressors one is burdened with based on those choices.

A couple of years ago we nearly paid off our 1400 sqft house. We had the cash to do it even, but instead with our hobbies, interests, and incomes chose to buy a bigger house. New, higher mortgage (but not as bad of a hit because of the low interest rate and that we'd been significantly overpaying our old mortgage to pay the house down), but a better neighborhood, much better house, more room, and the ability to host company without particular burden.

We each went out on a limb and changed jobs within our respective employers. There was a risk for each of us, and the decisions we each faced were not light ones, but mine resulted in both lower stress and in more income, and hers resulted in improved conditions through the lifting of several deep-seated, long term sources of stress.

A few months ago I threw in the towel on the car I was driving. It didn't have all that many miles on it, relatively speaking, but I had lost control of the ability to keep up with repairs and I literally was at wit's end with it. It was the first time that a car had really and truly defeated me in this era of my working heavily on my own cars. A blown head gasket on a modern FWD with a tiny engine bay with a dual overhead cam setup was just too much. I replaced it with a vehicle that I needed a loan for.

In the end, we owe more without making significantly more, we have more responsibility with the bigger, more difficult to maintain house, and we have to pay for a car, but our stress levels are lower. Both the old arrangements and the new arrangements are still living below our means though, which is probably why the stress level is lower even with the higher debt. It's debt that we can afford to pay. Trying to live with less debt, in the form of the too-small house, the worn out car, was definitely making us not happy. We had the means to make ourselves happier.

As for being wealthy, we aren't wealthy. We are, however, comfortable, and able to both meet our obligations and to save for big expenditures and for emergencies. Maybe someday our cash on hand will arguably make us wealthy, but if wealth is defined by income then our incomes certainly won't.
 
2012-12-01 12:55:21 AM

sure haven't: jaytkay: sure haven't: In the ghetto? Crackton? An old hospital wing turned into a dive house?

90% of households make less than $75,000.

Either you believe 90% of Americans live in squalid ghettos.

Or you're ignorant.

You were born well off and you have no grasp on how most people live.

See that really makes me laugh. I grew up poor, the oldest of 5 kids. It sucked ass. I know exactly the realities of life.


8/10

You didn't address my followup point so I think we're done here.

Aw, man, .001/10
 
2012-12-01 01:06:29 AM
I need enough to buy 100,000 acres of prime Wyoming grassland fenced all around with good running water, deep wells, natural wind breaks, protected roads ... 30,000 head of tough Angus cattle ... enough outbuildings to make life easy ... 22 - 25 ranch hands to get the work done ... good yellow iron and ranch machinery on hand ... enough ranch and maintenance equipment to be 99% self-reliant ... and an armored .50 machine gun emplacement up by the main entrance to ward off unwanted visitors. With a sign out by the main road that reads DO NOT ENTER. AUTHORIZED FEDERAL PERSONNEL ONLY. BIOHAZARD WEAPONS TESTING FACILITY. USE OF DEADLY FORCE AUTHORIZED.

Having priced all that my mind, absent changing interest rates and these goldang mutating tax rates, call it $230 million spinning off a minimum of $12 million annually triple net.

That'd do me.
 
2012-12-01 01:09:36 AM

mc_madness: I've earned roughly $165,000 so far this year. It's not that much money.


Yeah -- it is. I'm sorry you suck at managing your money, but it really is. I have a family of 4 living on a fraction of that. Oddly enough, all our needs and wants are met quite effortlessly. We feel quite wealthy -- because, by any objective standard, we are. On a fraction.

So, what the fark are you doing wrong?
 
2012-12-01 01:12:35 AM
I could be happy for far less. Bullets and drums of gasoline are relatively cheap.
 
2012-12-01 01:13:58 AM

Pocket Ninja: The formula for happiness includes $161,000, but it's slightly more complicated than just that amount.

(base income)+$161,000\relatives*(sex*partners\frequency*threesome)+(car\mai ntenance-gas cost)+([penis size][breast size])-debt-(vacation/work hours)+lottery winnings+(alcohol on hand\consumption)*weed


Division is forward slash.
 
2012-12-01 01:24:44 AM
It most certainly doesn't guarantee happiness. I'm an extremely depressed person.
 
2012-12-01 01:55:12 AM
$40k a year, I could easily manage to live on. $50-$75k, I would live easily on and be super comfortable, and probably even put some into savings/investment (if I weren't already).

My parents taught me to live on far less than that, which is entirely possible since I live outside any major metropolitan area.
 
2012-12-01 02:15:23 AM

Myria: It most certainly doesn't guarantee happiness. I'm an extremely depressed person.


There's actually been a lot of research on this, and that's pretty much the consensus...which isn't a terribly shocking conclusion, if you think about it.

What people get happiness from is roughly half biology and half social life. Money has precious little to do with either....

Unless your ass is broke...then, your social life might tend to suffer (e.g., you're working all the time and can't make friends; your spouse comes to think of you as unavailable or as a loser). That will likely make you miserable...even if you were wired to be a perfectly normal, happy camper otherwise.

/Sipping my bottom-shelf whiskey, smoking my cheap cigarettes, and sitting in my cheap-ass apartment...also heading off to bed with my loving partner of 16 years...and only the last 6 words I just uttered mean anything to me, at all.

//People are better than Prozac. And both are better than wondering why money doesn't make you happy.

///Science!
 
2012-12-01 02:31:00 AM

Clemkadidlefark: I need enough to buy 100,000 acres of prime Wyoming grassland fenced all around with good running water, deep wells, natural wind breaks, protected roads ... 30,000 head of tough Angus cattle ... enough outbuildings to make life easy ... 22 - 25 ranch hands to get the work done ... good yellow iron and ranch machinery on hand ... enough ranch and maintenance equipment to be 99% self-reliant ... and an armored .50 machine gun emplacement up by the main entrance to ward off unwanted visitors. With a sign out by the main road that reads DO NOT ENTER. AUTHORIZED FEDERAL PERSONNEL ONLY. BIOHAZARD WEAPONS TESTING FACILITY. USE OF DEADLY FORCE AUTHORIZED.

Having priced all that my mind, absent changing interest rates and these goldang mutating tax rates, call it $230 million spinning off a minimum of $12 million annually triple net.

That'd do me.


You forgot the guy to keep the radioactive guy from banging your hot hot wife.
 
2012-12-01 02:47:24 AM
I'm 30 years old, live in a suburb of a major metro area. Median family income in my town is $68k. Only I work, and I pull in $82K per year. Wife and kid, with $285k mortgage on an amazing beachfront condo and $60k grad school loan debt. We travel overseas twice a year. I generally break even each year, even after contributing $15k to retirement annually. I'm pretty happy but I'm well aware that my life's a tightrope act, where losing my job or even a couple months' income could cause everything to come crashing down. So I'm intensely focused on what needs to be done daily and also focused on my cash flow. So $20k more in salary would give me an amazing breathing room, and any more than that wouldn't necessarily increase my happiness. $100k would definitely be optimal for me.
 
2012-12-01 03:00:27 AM

Ringo48: Granny_Panties: [25.media.tumblr.com image 500x400]

I'd settle for:

[aleheads.files.wordpress.com image 336x400]

It makes me happy.


Oh, fark you!

/ Missouri.
// They don't ship here, or even Kansas.
/// God damn Ten Fidy is good--but so is the rest of their beer.
/\ Meadery of the Rockies' drier offerings are out-farking-standing, too.
//\\ Missouri: probably the in the bottom 15 of all US states; maybe bottom 10.
 
2012-12-01 03:06:55 AM
The people who are content netting 1000 will be content netting 1,000,000.

Opposite is also true.


/be content, happiness comes and goes.
 
2012-12-01 03:11:34 AM
Recently graduated college sucker here. Had a full-time job right out of college at the car dealership I worked at through school. Full time was around 30-35k/year. Paid my bills, bought me delicious beer. My parents paid my tuition my first year, the rest was on me.

I'm about to get a promotion to head of my dept., which will be a significant pay raise. After living, without any real wants/needs being ignored, for so long, the thought of making 60k is mind boggling to me.

/Picked up a second job deliver pizza to save for house/new car/help pay down student loans.
//Make almost as much working 25-30 hours a week delivering pizza as I do at my FT job, which was kind of depressing.
///Wouldn't need a new car if I wasn't delivering pizza.
 
2012-12-01 03:15:56 AM
Pizza delivery is fine, but wrecks your car over time.
 
2012-12-01 03:26:22 AM
Wow, there are a TON of people on Fark who make a shiatload more than me, and arent that much happier than I am. Who knew.
 
2012-12-01 03:35:40 AM
Well, now I know why I've never been happy.
 
2012-12-01 03:58:22 AM
i could get by *EASY* on just 800 dollars a month... if rent, beer, porn, tobacco, cell phones, gasoline, whores, snacks, weed, milk, laundry detergent, insurance, dvd's, paper towels, and Doritos weren't so damned expensive.

*EASY*
 
2012-12-01 04:22:51 AM

smadge1: Pizza delivery is fine, but wrecks your car over time.


Ask me how I know.

I've racked up 25k miles since May.

/at 28 cents a mile

So far my only problem has been a very slightly bent rear suspension beam, and a broken bumper, both from the same pothole. court is happening soon.
 
2012-12-01 05:20:01 AM
I noticed the article puts everything in dollars. I'm thinking dollars could go much farther in some of those
countries than their own currency so the article may be a bit misleading.

/ could be wrong, it's early here.
 
2012-12-01 05:41:59 AM
I'd be pretty happy with 1/4th of that.

Guess it's time to stop farking so I can earn some.
 
2012-12-01 07:30:40 AM
technically you only need $10 for a bag of "bath salts"
 
2012-12-01 08:47:22 AM
I always thought more money would make me happy.... Last year i made 160k take home and am just as miserable of a prick as ever.... Paid cash for a brand new Grandsport vette.. (inferno orange).. but still hate life and humans...
 
2012-12-01 09:21:47 AM

poe_zlaw: 100k / year in the US in most cities buys you a decent house, pays your bills, lets you save, buys you modest vacations, lets you live decent and pays for college.

My survey of one person shows he has zero debt, is younger than 40, lives in the "richer neighborhood", and has substantial savings. The person aurveyed said he was prety happy and makes almost exactly that.


For a single person? Absolutely. If I was still single I would be putting away thousands of dollars a month. But if our new strategy is "everyone stay single, never get married, never have a family!" I think we're going to have a problem down the line...
 
2012-12-01 10:37:54 AM
I can see BO raising minimum wage to 160K/yr.
 
2012-12-01 11:38:19 AM
Summercat

65k a year. I'm cheap, and my little curiosities and luxuries in life are also cheap.

Me too. If I had 65k a year, I'd be happy as a clam. I was doing pretty good (by my humble standards) a few years ago. Then gas went up 3x, everything else doubled in price, and my salary went up a whopping 6 percent. (big farking deal.) So yeah... livin' the dream.
 
2012-12-01 12:02:37 PM

Icetech3: I always thought more money would make me happy.... Last year i made 160k take home and am just as miserable of a prick as ever.... Paid cash for a brand new Grandsport vette.. (inferno orange).. but still hate life and humans...


You should help me pay my car insurance next semester*, the warm fuzzy will make you feel better :D

*this is a joke, not me begging for money.
 
2012-12-01 01:00:10 PM

Icetech3: I always thought more money would make me happy.... Last year i made 160k take home and am just as miserable of a prick as ever.... Paid cash for a brand new Grandsport vette.. (inferno orange).. but still hate life and humans...


If you left Detroit it might help

/sure as hell helped me
 
2012-12-01 03:12:35 PM

GibbyTheMole: Summercat

65k a year. I'm cheap, and my little curiosities and luxuries in life are also cheap.

Me too. If I had 65k a year, I'd be happy as a clam. I was doing pretty good (by my humble standards) a few years ago. Then gas went up 3x, everything else doubled in price, and my salary went up a whopping 6 percent. (big farking deal.) So yeah... livin' the dream.


Yeah, currently, I make under 30k. ...if I even *get* 40 hours a week. Which isn't a given.
 
2012-12-01 04:08:06 PM

12349876: sure haven't: I've always wondered is that household income? Or personal income?
As pure example: if I make $75,000 alone, does my wife's income (let's say another $75,000) not count?

I've always wanted an age breakdown.

75k right out of college is very different from 75k just before you retire after decades of slow raises.


At 40, I'm finally making six figures this year for the first time ever.

I guarantee that the college grad making $75,000 right off the bat still has more cash to spend freely than I do.
 
2012-12-01 06:24:57 PM
I'm 30, college grad, live in Seattle, and work in IT. I make less than 35K. I don't get paid vacation/sick time and have no health insurance.

Between needing surgery on my eye, my car breaking down, student loans I'm still paying and needing to pay small business taxes last year (for my previous job) my little bit of savings I had was wiped out. I live in my dad's basement (yeah cliche, I know). Because of that, I can't date and haven't been on one in over a year. I can't take time off and haven't been on vacation in several years. I sure as hell don't live extravagantly and manage to save a little here and there. People wonder why I'm bitter, single, tired, and don't go out anymore. Yeah, poor me, right?

So, happiness? If I was making $50k/year with health insurance and two week paid vacation (and not even that), I would be elated.

/anyone in Seattle need a good IT guy?
//seriously
///slashies are still better than hashtags
 
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