An old saying goes, "Money can't buy happiness". A new report the USA suggests this may be true. The financial planning experts Edelman Financial Engines conducted a survey people's attitudes money. They found that nearly six ten people needed to earn least $100,000 a year to stop worrying about money. Around 50 per cent the people the survey said they would need an annual salary of $200,000 to feel happy and safe. The researchers also found that only 12 per cent Americans think they are wealthy. Surprisingly, the researchers reported that just 33 per cent millionaires the study said they felt financially secure.
The Edelman report is called "Everyday Wealth America". Researchers asked more than 3,000 adults the age of 30 their money worries. Half of those the survey were "rich". They had wealth between $500,000 and $3 million. Isabel Barrow, director financial planning, said: "What we are noticing is that many Americans, even those who are affluent, aren't feeling very confident their financial situation." She added: "When I was getting of college, it was a dream to say you could make $100,000". However, the report said that such a salary today simply means a stable lifestyle. It said $100,000 was no longer a sign financial success and wealth.
