As is often said, can money buy happiness? An old study from 2010 found that money stops making people less happy once their annual income reaches $75,000.
That number may have changed from 13 years ago due to inflation, the pandemic and rising housing costs. Moneyzine.com recently surveyed 1,200 Americans to see if they were satisfied with their income. For the eight girlfriend jobs surveyed, you need at least six figures to be happy. Her other four occupations exceed the $75,000 level, but most hover around that level.
Research shows that janitors need a minimum amount of money to be happy. According to a study by the Bureau of Labor Statistics, janitors are satisfied with a salary of only $57,600, while the average income is only $28,950.
What professions would you be happy with six figures, but generally require you to earn it?
retail
Retail workers show a huge gap between the amount of money they make and what they want to do to be happy. According to a study by Moneyzine.com, the difference is 407%. Most retail workers would need a salary of $106,815 a year to be willing to endure angry customers, unreasonable demands, store cleaning, and whining children.
District managers in high-cost cities like Washington, D.C., earn between $113,000 and $190,000 annually. But the job comes with a completely different set of challenges.
customer service
Just like retail employees, customer service representatives need exponential raises to be happy. Research shows they want to earn 294% more than they currently do. A customer service representative already earns slightly more than a retail store employee, with an average income of $35,830. But he says he needs $105,417 to be happy.
creative
People working in creative industries such as art, graphic design and writing say they would be happy with an income of $119,737. Unfortunately, the average income in this industry is only $56,203, which is 213% less than the ideal income.
For creators looking to make more money, seeking outside income through freelance work may be a good idea. Creative fields are supposed to be inherently rewarding, but in most parts of the country it's difficult to pay the bills on less than $5,000 a month.
educator
Few people discuss the importance of teachers to children's futures. But in most parts of the country, educators barely earn the wages they need to be happy, much less earn a living wage. According to a GOBankingRates report, the living wage in 12 states is below the average teacher salary of $62,870. Educators said they would like to earn $117,842 to be happy.
business professional
Research shows that business professionals also feel that they are underpaid. They said a salary of $122,608 would make them happy, but the average income was only $73,560.
health care
Few professionals suffered more than healthcare workers during the pandemic. In addition to the constant threat of illness, hospitals are full, families are unable to see loved ones who are sick or dying, and they have to deal with long working hours as co-workers complain about being unwell. It didn't happen.
No wonder healthcare workers say they need $107,179 to be happy. The average salary is just $75,330, a difference of 142%.
IT professional
According to BLS data, IT professionals already earn an average six-figure income. But that's not enough to make them happy. The average IT professional earns $110,140, but to be happy he needs $122,805, he told MoneyZine.com.
specialized professional
I have good news. If you are a professional in your field, you already make more than enough money to be happy. According to the survey, a professional needs only $105,816 to be satisfied (less than a retail employee!), but the average income he earns is $125,375.
conclusion
If you want to be satisfied with your salary, enter a specialty that is in high demand. You may find that you have enough income to pay your bills and are satisfied with your life and career choices.
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