How Much Money is Needed for Ideal Life
Channel: Jagad Meru
Date: 08/02/2023

Hi everyone, meet again on the Jagad Meru channel, in this video i want to talk about how much money is needed for ideal life. How much money do you need to lead your “absolutely ideal life”? The answer for most people, according to new research by university psychologists, is $10m (£8.6m) – but not Americans, who say they need at least $100m, and frequently insist on $100bn.

Academics at the universities of Bath, Bath Spa and Exeter found that contrary to the assumption that everyone wants to be as rich as possible, most people say they would be happy with a few million. A study of almost 8,000 people from across the world found that in 86% of countries the majority of people thought they could achieve their ideal life with $10m or less.

In Argentina, India and Russia more than 50% of people said they would like $1m or less. However, in the US the majority of people said they would need at least $100m or more to lead an ideal life, with 31.7% (the most popular response) saying that they would like at least $100bn. In the UK, the most popular answer (26%) was $1m and the majority said $10m or less would be adequate.

Thirteen per cent said they would like $100bn or more. People who opted for unlimited wealth weren’t necessarily motivated by selfishness or greed. The study didn’t offer perimeters about what an ideal life might look like leaving it up to participants to decide whether they interpreted the question to encompass altruistic goals or to focus on their individual fulfillment. 

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