Moms are happier for it. Dads are happier. Kids are happier and may even be doing better in school because of it.

What's creating all the elation?Work. Mothers working outside the home, bringing home a paycheck, according to the May issue of Working Mother magazine.

Keep in mind, however, that these mothers aren't exactly working to keep the wolf from the door. These are 2,015 mothers who have enough money to buy the magazine, time to read it - and time to respond to its survey. Almost all of the readers who responded are married. They have a high school or college degree, a median age of 32.7 years and a median family income of $44,200.

But, can money really buy happiness? Well, no. Although 98 percent said money is the primary reason for working, income has little bearing on their happiness. In fact, more income often creates more pressure since it often leads to a higher standard of living that they must work to maintain.

The most contented families are the ones with the most leeway in their budgets. And the happiest working mothers are the ones who spend more money and time on pleasure and entertainment. Indeed, 69 percent said that because they are working they are more willing to spend money on themselves.

The most satisfied moms, too, are the ones whose husbands help with housework and child care. Those whose husbands don't help complain that having it all means having to do it all.

According to the survey, published on the 10th anniversary of the magazine and in the month that honors the nation's moms, 71 percent of the husbands who are pleased that their wives have a job help with the housework and children.

Also, 74 percent of the responding mothers said they are as happy or happier working outside the home, and only 15 percent said they would quit their jobs if they could afford to.

Sixty-eight percent said their children are as happy or happier with their moms working and are doing as well or better in school, and 86 percent said they are happy with their child care arrangements.

However, 27 percent said they never have enough time to get everything done, 57 percent said they would work fewer hours if they could, and 77 percent said a flexible schedule would be beneficial.