On this episode of Your Cheddar hosts Kristen Scholer and Tim Stenovec break down some of the biggest stories in the world of personal finance. Have you ever heard of the phrase "money can't buy happiness?" Well, that may not be true. According to a recent report by Purdue University, there is actually an optimal amount of money to be happy in life and it's $95,000 a year. The study also found that people who make $60,000-$75,000 a year are a little less happy, but have "emotional well-being." Plus, U.S. households are carrying record levels of debt. According to the Federal Reserve, outstanding household debt rose by $193 billion to more than $13 trillion last year. Student loans are mostly driving that debt. However, the Reserve says Americans are mostly keeping up with their payments, which is always a good thing!

Share:
More In Business
Top Dining Out Trends This Summer
OpenTable CEO joins Cheddar to discuss this summer's top restaurant trends, how best to make a reservation and what perks you can now get on the app. Watch!
Load More