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January 8, 2024 Investor Insights Thumbnail

January 8, 2024 Investor Insights

Buying Happiness

January 8, 2024

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions. 

  • A survey revealed that 59% of Americans believe money can buy happiness, with the average price for happiness being $1.2 million. Gen Z individuals suggest they would be content with $488,000, while Millennials feel they need $1.7 million. 1
  • 2024 will be year four of the four-year Presidential Election Cycle under President Biden. Since 1928, year four has been the second-best year of the four-year cycle for the S&P 500 with a median gain of 9.5% and positive returns 73.9% of the time. *1
  • A recent survey found that nearly half of individuals aged 18 to 29 live with their families, the highest percentage since the 1940s. Additionally, one in five parents say they have sacrificed their retirement savings to help their children financially. 2
  • Historical data shows that big gains in November and December often lead to a bullish next year. In years with November and December returns ranging from 10-14%, the subsequent year had an average gain of 19.5%. *3


  1. MFS - "Beyond the News"
  2. Barrons - "Parents Are Spending Retirement Savings to Help Boomerang Children"
  3. Irrelevant Investor - "A Big Final Two Months Of The Year Is Quite Bullish For Next Year"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor 

Glen Eagle ADV Part 2A 


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