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The Guardian - UK
The Guardian - UK
Science
Rupert Neate Wealth correspondent

How much money is needed for ideal life? Most are OK with £8m, study finds

Gold McLaren car in Knightsbridge, London
Calls are growing across the world for wealth taxes to help close the gap between the richest and poorest. Photograph: Mike Kemp/In Pictures/Getty Images

How much money do you need to lead your “absolutely ideal life”? The answer for most people, according to new research by university psychologists, is $10m (£8.6m) – but not Americans, who say they need at least $100m, and frequently insist on $100bn.

Academics at the universities of Bath, Bath Spa and Exeter found that contrary to the assumption that everyone wants to be as rich as possible, most people say they would be happy with a few million.

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