Friday, June 2, 2023

# How much should you earn per year to be happy?

Money does not bring happiness, but neither is there any inconvenience in acquiring it. The pursuit of happiness is the great aim of most human beings and money always appears in some form or the other in this complex transition period.

But since we are trying to quantify something that is difficult to measure, such as this state of mind, there are many theories about the amount of money needed to be happy. They are obviously estimated figures based on variables that you may not consider or affect, but it is a starting point in case you one day agree to figures that are not available to anyone. Are.

## This is the maximum amount you can save in your checking account

One of the experts to talk about the imaginary amount of money needed to be happy is economist Santiago Nino Becerra, one of the few people to have predicted the 2008 crisis, using a decade-long formula prepared by Harvard University. The study was highlighted in an interview on Catalunya Radio. indicated an amount of \$75,000 per year, approximately 69,000 euros at the current exchange rate. In other words, about 5,000 euros a month for 14 payments, an amount that very few people earn in Spain.

For his part, the mathematician Santiago García Kremdes assured in the Cuatro al Día program that the ideal figure would be “around 54,000 euros if we have a family with one child and 72,000 euros per year if we have two”.

For their part, Nobel laureates in economics, Daniel Kahneman and Angus Deaton, put happiness at 75,000 euros per person per year, according to La Sexta. With a curious fact, since they confirm that once those 75,000 euros are acquired, the price to pay for that pleasure will be more expensive. That is, with that amount you will have to pay a lot for very little happiness.

Another expert, Tim Hartford, explained in the Financial Times an alternative way to assess the cost of our happiness: Instead of thinking first about the amount of money needed to be happy; Recommends what it would take for each of us to become one and then calculates in money what those ambitions will cost us.

But these are not the only ones theorizing about an important question for many. A study conducted by psychologist Andrew T. Jebb of Purdue University and published in the journal Nature Human Behavior indicates that to aspire to emotional well-being, a person needs between 50,000 and 60,000 euros annually.

## How much money should you have saved for your age to enjoy a decent retirement

Harvard University appears concerned about this debate, because in 2018, it studied the cases of several billionaires before deciding that \$8 million (7.3 million euros at current exchange rates) is all it takes to feel satisfied and happy. Are. almost nothing.

Although there are people who think that more money brings more happiness, sometimes being rich or very wealthy can lead to health problems and a greater risk of suffering from depression, anxiety, various dependencies or eating disorders. There is evidence that happiness is a state of mind that is achieved with a range of qualities, dedication and effort, not a lot of money.

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