Thursday, November 14, 2019
Survey Millennials say they need a salary of $80k to feel happy
Survey Millennials say they need a salary of $80k 'to feel happy' Survey Millennials say they need a salary of $80k 'to feel happy' New research from TD Ameritrade shows that according to Millennials, they need an average salary of $80,000 each year âto feel happy.âBut 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 âto feel happyâ 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.The least amount of money Millennials need annually âto feel happyâItâs clear that respondents have different financial requirements for happiness - hereâs how they weighed in: âLess than $25,000 per year:â 22% â$25,000 to $49,999 per year:â 14% â$50,000 to $74,999 per year:â 22% â$75,000 to $99,999 per year:â 12% â$100,000 to $149,999 per year:â 13% â$150,000 or more:â 16% Hereâs a bit more context: in 2016, Millennials said they needed an average yearly income of at least $51,000 âto feel happy.âTD Ameritrade also noted this in the report: âaverages exclude top and bottom 5% (i.e. exclude outliers) and have been rounded to the nearest $500.âWhen Millennials think theyâll earn the most moneyAll signs point to middle age: 20s: 8% 30s: 27% 40s: 39% 50s: 15% 60s or 70s: 4% âI donât know:â 7% How many Millennials earn money on the side - and whyWhile 46% of employed Millennials say that they work a âside hustle,â 54% say that they donât. Among those that do, hereâs why: âI need/want the additional income my side hustle provides:â 43% âMy side hustle is my passion/it is what I like to do:â 31% âI use my side hustle to get experience in an area of work I want to do in the future:â 22% âNone of the above:â 4%
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