Question: How Much Money Do You Need To Earn In Your State to Be "Happy?"

|
May 08, 2017
|
Chart of the Week, Career, Question of the Day, Research

Answer (from Advisor Perspectives):

Questions:

  • Do you agree with this research that finds that $75,000 income is the “road to happiness?” Why or why not?
  • Is your state above or below the national average?
  • What are some examples of costs in your state that you think may be above or below the national average?
  • Would looking at a chart like this change your mind about where you might want to settle as an adult?
  • What is one additional question that you have after reviewing this chart?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.