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Boomer With $100,000 Saved? Here s How You Rank Among Peers

Boomer With $100,000 Saved? Here’s How You Rank Among Peers Chris Kissell © Photoroyalty / Shutterstock.com If you are a baby boomer with at least $100,000 saved, congratulations. That is no small feat. And if you find yourself in that exclusive camp, chances are your net worth is even higher in fact, much higher. The average baby boomer household with at least $100,000 saved actually has a total retirement savings of $920,000, according to a recent Charles Schwab study. That total reflects the retirement savings of each survey participant and, if applicable, his or her partner. 43% believe the money “will get me all the way there”

Why More Money Really Does Make You Happier

Why More Money Really Does Make You Happier A new study finds that contrary to popular belief, accumulating wealth increases your well-being. Photo by Yellowj / Shutterstock.com The Beatles told us that “money can’t buy you love.” And recent academic studies have suggested that while modest wealth might increase our happiness, riches beyond a certain point don’t matter. However, new research is taking aim at that notion. A study out of the University of Pennsylvania’s Wharton School finds that wealth has a more potent impact on well-being than previously imagined. In the study, Matthew Killingsworth, a senior fellow at the Wharton School, collected more than 1.7 million data points from more than 33,000 participants who offered moment-to-moment reports of how they felt at various times during the day.

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