Is £36,000 a year enough to make you happy?

The average salary is around £36,000 in the UK but it's been deemed not enough in a new report. We find out the wages that would make people happy.

Transcript

00:00 So how much do people need to earn to be happy in your opinion?

00:03 So enough to meet their basic needs and to give them a bit of freedom to enjoy themselves

00:09 Would you say that's like roughly 36,000 because of the cost of living crisis?

00:13 It's hard to say

00:16 Because people live, you know to different standards, I guess

00:20 But that's probably a more philosophical answer than you're looking for

00:26 Yeah, probably around that 35 to 40 K range

00:30 What about you with your current income? Are you happy with how things are going? Yep, pretty comfortable. Yeah, I'm pretty lucky

00:38 Do you think people will be happier if everyone was millionaires?

00:41 Well, not if everyone was

00:45 That wouldn't work right no up to a limit, I mean you've seen the graph right of happiness versus

00:56 What's the word

00:58 Versus wealth it sort of plateaus. So how much money do you think people need to earn to be happy?

01:04 Soonest pay bills against depends on circus, aren't you? If you live at home with your parents

01:10 And the toy depends so it's all about personal sense that's you have enough money to

01:17 Just buy things pay bills

01:19 Would you say like roughly 36 K would do 36?

01:25 I said 25

01:27 What about if you're not living at home?

01:29 Okay, would do you do you think people will be happier in themselves if they were all millionaires

01:35 Do you think too much money can bring unhappiness? Yeah, I think we have too much money you don't need to work

01:51 And do you think there's like a place right on how much money can bring unhappiness so as in low income

01:57 Do you think there's a place right basically for money to bring happiness? Oh, yeah, so you need

02:05 Yeah, and what about you are you happy on average with your income

02:20 Are you happy yeah, I feel the money kind of luck it more

02:25 I'll get some more.