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Although I'd have to poke around for the specific sources, I've read papers that showed that, in fact, subjective well-being increases continuously with wealth
by wordsarewind 9y ago
Although I'd have to poke around for the specific sources, I've read papers that showed that, in fact, subjective well-being increases continuously with wealth (per capita GDP). However, the increase is not linear, but rather logistic--which makes intuitive sense, since a $5,000 pay raise for an employee making $25,000 a year isn't the same as for one making $100,000. On the other hand, I've also read that the increase in wealth past the much-referenced $75,000 level doesn't significantly increase emotional well-being (unconscious positive/negative feelings).
- aaron695 9y ago> $75,000 level doesn't significantly increase emotional well-being Not true. It actually goes much higher. Admittly quite slow. I think until $150,000.
- fulafel 9y agoSounds like this would depend a lot on what kind of social safety net is provided by the society. You need a lot more income to feel secure in the US than Sweden, where healthcare/education/pensions are more or less collectively provided.