Can Money Equate to Happiness?

December 31, 2016 | Andrew Kramer

Millennials say yes—at least those who make more than $51,000 annually.

That was the minimum amount of personal income that made Millennials happy, according to a recent TD Ameritrade survey1. The survey also showed saving, and the financial security it may bring, makes people happier than spending.

But that may not completely sway Millennials from their spending habits—even ones earning a lower amount of money annually.

In fact, Millennials who identify as spenders, earning $61,000 on average, are spending more than Millennials who identify as savers and earn $75,000 on average.

Check out a comparison between Millennial Savers and Spenders below (click the image for a larger view):

 

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