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Can money buy you happiness?

FPA, Financial Planning Association, Dante De Gori, money, money management, wealth management, retirement planning, retirement savings, financial planning, happiness,

New research from the Financial Planning Association suggests there is a link between Australians’ happiness and their finances.

A national survey of Australians’ attitudes to money and lifestyle found that 23 per cent of the country’s citizens believe they’re living their ideal life, with close to a quarter (24 per cent) of these people actively seeking financial advice.

Of those who don’t feel they’re living their ideal life, only 9 per cent were seeking advice, which Dante De Gori, chief executive of the Financial Planning Association, said demonstrates that those in control of their finances tend to be happier with their life.

“The research reveals a powerful data link between our nation’s happiness, and financial planning,” he said.

The research also found that while 53 per cent of Generation X and 44 per cent of Generation Y found it difficult to plan their finances, Baby Boomers were far more capable, with only 25 per cent saying they found such planning difficult.

Additionally, 80 per cent of working-age Australians reported their finances were a source of stress, with most of these people being members of Generations X and Y.

Can money buy you happiness?
FPA, Financial Planning Association, Dante De Gori, money, money management, wealth management, retirement planning, retirement savings, financial planning, happiness,
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Anonymous - Why does this get all the media attention when in reality it affects very few and the charges are minimal? How about reporting on all the ISA TPD.......
Anonymous - This got to be the smartest comment this century ?!....
nan - So what do you do if you are being ripped of and then can't afford the body corporate fees....
MarkL - The banks may not charge dead people any more ........... but they won't charge them any less either!....