WATCH: Filipinos Need P130,000 Monthly To Be Happy – Study
#OneNewsNow | According to the consumer website Expensivity, Filipinos need P130,000 a month (or $28,264 a year) to achieve happiness, based on the country's purchasing power. | via #MOJO RR Tubice
“A reliable, comfortable income salves your worries and just makes life easier. Poverty is stressful and leaves long-term damage. The illusion that wealth is meritocratic deprives low-earners of their self-esteem. This is why the money it takes to make you happy can be counted in the tens-of-thousands, rather than the millions,” Expensivity said.
“Of course, the figure differs depending on where you live. So, Expensivity decided to convert the ‘happiness premium’ for every country in the world, using Purchasing Power ratios sourced from the World Bank. Then we added local cost-of-living to the mix to calculate the different price of happiness from city to city in the (United States), (United Kingdom), and key European cities,” it added.
Based on its 2021 study, Expensivity found life satisfaction to be most expensive in Bermuda ($143,933 a year) and cheapest “in the petite South American country of Suriname” ($6,799).
“Disclaimer: the best things in life are free – there’s nothing like love, exercise, and creativity to conjure happiness on a budget!” Expensivity said.
