The 'perfect salary' that brings true happiness revealed
New research has found the point at which people believe they would have a perfect mix of money and work-life balance.
A salary of £37,396 would be perfect for most Brits, new research has revealed.
In a study of 2,000 Brit, Anchor Cheddar found found that a whopping 91% think there’s a tipping point in our salaries where additional responsibilities and stress make earning extra money worthless.
And 88% of the survey respondents would turn down a salary above that figure.
Work-life balance
Although we can’t really say whether or not we’d accept the offer until it was placed in front of us, the majority of participants said their concern would be for their work-life balance. If they earned more, but it meant that other parts of their life suffered as a result, they would probably turn it down.
One in ten people had actually said no to a promotion, as they believed it would not be worth it, while a quarter had reduced their hours or moved from full-time to part-time work.
The average Brit apparently wants to earn a minimum of £24,270 to consider their life to be comfortable. According to the Office for National Statistics, the median gross annual earnings for full-time employees was £27,200 in 2013/14.
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High salary or high satisfaction?
The research also showed that more than half of respondents would prefer to have a job that allowed them to have a fulfilled life, with a low or average salary, than an extremely demanding job that took up a lot of their time but paid well.
Two-thirds said that they’d take a job that they loved, but wasn’t particularly well paid, rather than one they couldn’t stand but with an excellent salary.
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