People say money doesn’t make you happy. Except, according to a new study by Princeton University researchers, it actually sort of does — at least up to about $75,000 a year. In an article published on Time.com on Monday, Belinda Luscombe reports: “The lower a person’s income falls below that benchmark, the unhappier he or she feels. But no matter how much more than $75,000 people make, they don’t report any greater degree of happiness.”
She writes:
But before employers rush to hold — or raise — everyone’s salary to $75,000, the study points out that there are actually two types of happiness. There’s your changeable, day-to-day mood: whether you’re stressed or blue or feeling emotionally sound. Then there’s the deeper satisfaction you feel about the way your life is going — the kind of thing Tony Robbins tries to teach you. While having an income above the magic $75K cutoff doesn’t seem to have an impact on the former (emotional well-being), it definitely improves people’s Robbins-like life satisfaction. In other words, the more people make above $75K, the more they feel their life is working out on the whole. But it doesn’t make them any more jovial in the mornings.
For more, read the full article, How Much Money Do We Need to Be Happy? Just $75,000?
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