But there are large disparities between what different groups want. Those younger than 30 said that this number was an average of $53,500, while those 30 and up said that it was an average of $101,500. But while the minimum average yearly income that men said they needed “to feel happy” was $118,000, this number was $58,500 for women.
Head Solutions Group polled 1,519 Americans between the ages of 21 and 37 for TD Ameritrade.
It’s clear that respondents have different financial requirements for happiness — here’s how they weighed in:
Here’s a bit more context: in 2016, Millennials said they needed an average yearly income of at least $51,000 “to feel happy.”
TD Ameritrade also noted this in the report: “averages exclude top and bottom 5% (i.e. exclude outliers) and have been rounded to the nearest $500.”
All signs point to middle age:
While 46% of employed Millennials say that they work a “side hustle,” 54% say that they don’t. Among those that do, here’s why:
This article originally appeared on The Ladders.
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