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Money cannot buy happiness. Financial planning experts found that six in ten people needed over $100,000 a year to stop worrying about money. Around half of the people said they needed $200,000 a year to feel happy. The experts said just 12 per cent of people think they are rich. A third of millionaires feel financially secure.
More than 3,000 adults answered questions about money worries. Half of the adults said they were "rich". The experts said many rich people aren't feeling confident about their financial situation. The experts added that a $100,000 salary gives people a stable lifestyle. It no longer means financial success or happiness.
Back to the money worries lesson.
