Money can buy happiness, but also some woes

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Money can buy happiness, but also some woes
Survey looks at how much money buys a permanent smile
Mike Lloyd Sep 30, 2010 07:48:42 AM
Be the first to Comment  0 Recommendation(s) VANCOUVER (NEWS1130) - This just in: Money can buy you happiness! But it buys you a lot of grey hairs, too.

First, let's look at the happiness part -- how much cash would buy you a permanent smile? News1130 hit the streets to find out.

One man says, "What would it take? A million and a half! Get a part-time job somewhere and maybe buy a house. I'm not greedy." Others went as high as five million.

A survey for RBC, conducted by marketing firm HNW Inc, looked at folks with at least a million dollars in investable assets. It found an equal measure of yes's and no's in the happiness department.

The magic number is $5 million. With that kind of money, respondents say they were "much more likely" to feel happier, but about a third say the money brings as many problems as it solves.

The big worries are kids blowing any inheritance, going broke in retirement and succession planning for businesses