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    15
    Mar
    2013
    10:58am, EDT

    Readers debate: Is a 'Beaver Cleaver' family really best?

    New research shows that as more moms join the workforce, men want to spend more time at home with their kids, creating a new paradigm of family dynamics. TODAY's Matt Lauer reports, and three dads discuss the new findings.

    By Allison Linn, TODAY

    No doubt about it, many working parents are stressed out. But is there a better alternative?

    A Life Inc. post this week about a Pew study showing that both working moms and working dads are stressed out by juggling job and family responsibilities prompted readers to debate whether it would be back to go back to a system where Mom was more likely to stay home full time.

    Some readers said they are pining for the days glorified by the television show “Leave It To Beaver.”

    “Ahhh, wouldn't it be nice if it were the 50s all over again when the moms stayed home and were there for the kids! I guess I was lucky growing up in a ‘Beaver Cleaver’ type family! I am all for women's lib, but I think this is one of the big downfalls of women working full time as well as the man,” one reader wrote.

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    But others argued that things are better today. One reader said his grandmother stayed home with the kids while his grandfather worked, leaving Grandpa with little time with this family but lots of financial stress.

    “Now compare that to today. I have one child. Both my wife and I work outside the home (always have) and we do our absolute best to share ALL household and child rearing responsibilities. As such I have a closer bond with my daughter and I am more informed than my grandfather ever was with his children. And I do not need shoulder the financial burdens alone. One loses a job we have the others income and vice versa,” he wrote.

    Although more moms are working, they’re also still doing more of the housework and child care. More than half of the nearly 6,000 readers who took our poll said mom is taking on more of the home responsibilities, while nearly three in 10 said it’s an even split.

    Some readers noted that it’s much easier to balance work and family responsibilities if you have another ingredient: Money.

    One reader recalled when she and her husband first had a child and went so far as to wash clothes and diapers in the tub. Years later, she said, the couple has the money to hire a housecleaner, send the kids to private school and splurge on a babysitter for date night.

    “Money makes the difference and anyone that tells you different has never been poor,” she said.

    Comment

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  • 30
    Nov
    2012
    1:45pm, EST

    The perfect income for happiness? It's $161,000

    CNBC's Robert Frank has the results of what people around the world say they need to make to be "happy."

    By Robert Frank, CNBC

    More than one study has tried to determine the financial price of happiness. Some look at wealth. Others look at income.

    One well-publicized study last year put the optimal income for happiness at around $75,000. Rising income, it turns out, produces greater happiness until you get to around $75,000. After that, there are diminishing returns, with more income leading to little or no gain in real happiness. 

    This is a fraught question, of course. “Happiness” itself is not easily defined, and money doesn't always guarantee it. And the financial requirements for happiness usually depend on geography, peer groups and other external factors. 

    The latest to weigh in on the issue is Skandia International’s Wealth Sentiment Monitor. It found that the global average “happiness income” is around $161,000 for 13 countries surveyed. The United States wasn’t specifically measured. (Read more: Why Millionaires Prefer Dogs) 

    But there was a wide range of answers depending on the country. Dubai residents need the most to feel wealthy. They said the needed $276,150 to be happy. Singapore came in second place, with $227,553, followed by Hong Kong, with $197,702. 

    The region with the most modest needs for happiness is Europe. Germans only need $85,781 to be happy, placing them lowest on the list. The French need $114,000, while the British need $133,000. 

    The survey doesn’t ask about total wealth needed to feel happy. But it does ask about the amount of wealth needed to feel “wealthy.” Globally, the average amount needed to feel wealthy was $1.8 million. 

    Singaporeans took the lead on the “wealth” needs, with $2.91 million needed to feel wealthy. Dubai ranked second with $2.5 million, followed by Hong Kong with $2.46 million. (Read more: Where to Live If You Want to Be a Millionaire) 

    Surveys show that among Americans, most say they need $1 million or more to feel wealthy.

     All of this shows that wealth and financial happiness is not an absolute number, but is relative to your peers and surroundings. Living in Dubai, with all those oil barons and oligarchs, the needs are higher. In Germany, where wealth is more evenly distributed, the needs are not as high.

     How much wealth or income would you need to feel happy?

    Follow Robert Frank on Twitter: @robtfrank

    CNBC's Robert Frank looks inside one of the world's most expensive apartments.


    102 comments

    $161,000? LMAO -- My husband I live off of less than $25,000 year in retirement --- no debts except our mortgage -- and we're happy. We love one another and are content not to have all the latest gadgets and multiple computers, televisions or cars. We drive a 14 year old car.

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