The Price of Happiness: $75,000

Whoever said that money can't buy happiness turned out to be flat wrong. Researchers have now proven that indeed money *can* buy happiness ... up to a point.

In the study, researchers tried to evaluate the effect of money in two ways: One was on how people think about their lives and the other was on the feelings they have as they experience life. Responses from more than 450,000 Americans, gathered in 2008 and 2009, were evaluated.

The study found that people's evaluations of their lives improved steadily with annual income. But the quality of their everyday experiences -- their feelings -- did not improve above an income of $75,000 a year. As income decreased from $75,000, people reported decreasing happiness and increasing sadness, as well as stress. The study found that being divorced, being sick and other painful experiences have worse effects on a poor person than on a wealthier one.

"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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I would be happier if I made $75,000. I know to a lot of people (sadly, not me) it may not seem like that much. For my readers, I broke it down into quantity costs of household goods. You wanna know how many pounds of Gerber baby food you can buy for 75K? Click the link.
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Hm, so I guess the thing I now perceive as happiness and contentment is an illusion, because my wife and I earn about 2/3's of that and we feel perfectly happy with it.
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anybody who didn't already know that money = happiness is either naive or delusional.

money is not the root of all evil. people are just dumb and mean. even if there was no money people would still be dumb and mean.
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