How Much Money Makes You Happy? Scientists Pinpoint Amount
The Huffington Post Tara Kelly
After analyzing 450,000 responses from the Gallup-Healthways Well-Being Index (GHWBI), a daily well-being survey that queries 1,000 respondents, two scientists from Princeton University say happiness is based on life evaluation and well-being, reports GALLUP Management Journal.
According to Mogulite, the findings show that those with a total household income of less than $75,000 overall had lower levels of emotional well-being and satisfaction with their state of life. However, those who made more than that amount didn't see a significant increase in their happiness.
Of course, there remain a couple of exceptions to this finding. If you give your money away or you find that wealth upgrades your social status, it can make you happy beyond the $75,000 mark.
So, next time you hear the phrase "money can't buy you happiness," remember, it actually can. But only to a certain point.
According to Mogulite, the findings show that those with a total household income of less than $75,000 overall had lower levels of emotional well-being and satisfaction with their state of life. However, those who made more than that amount didn't see a significant increase in their happiness.
Of course, there remain a couple of exceptions to this finding. If you give your money away or you find that wealth upgrades your social status, it can make you happy beyond the $75,000 mark.
So, next time you hear the phrase "money can't buy you happiness," remember, it actually can. But only to a certain point.
