In 1964, The Beatles topped the pop chart by professing that, while wealth can purchase a lot of things, it can’t truly fuel a meaningful connection between two people.
But while money “can’t buy me love,” can it at least fund happiness? Yes, say a majority of Americans according to a new poll.
The survey, conducted by financial services firm Empower, showed that 60% of Americans believe money buys happiness.
The poll also pinpointed exactly the amount of money most Americans think is the dollar-equivalent of a happy life: $284,000 per year.
Of course, that’s an amount more than double what the average person takes home in the U.S. The nation’s median income is $74,000 a year.
Respondents to the poll though did say they could be happy for a salary that falls short of the $284k target… as long as they had at least $1.2 million in the bank.
The reality is only about a million dollars short of that. The average American’s net worth is about $192,000.