Big Scary Liberal
- Jan 8, 2010
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What does it take to be happy? About $75,000. - chicagotribune.com
Does happiness rise with income? In one of the more scientific attempts to answer that question, researchers from Princeton have put a price on happiness. It's about $75,000 in income a year.
They found that not having enough money definitely causes emotional pain and unhappiness. But, after reaching an income of about $75,000 per year, money can't buy happiness. More money can, however, help people view their lives as successful or better.
Interesting, I guess money does buy happiness after all."More money does not necessarily buy more happiness, but less money is associated with emotional pain," the authors wrote. "Perhaps $75,000 is a threshold beyond which further increases in income no longer improve individuals' ability to do what matters most to their emotional well-being, such as spending time with people they like, avoiding pain and disease, and enjoying leisure."
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