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> Is that 'certain point' a moving goal post? No. That point is the place where someone has enough to pay for all the basic necessities of life(food, housing,
by StanislavPetrov 8y ago
> Is that 'certain point' a moving goal post?
No. That point is the place where someone has enough to pay for all the basic necessities of life(food, housing, education, healthcare) without constant economic anxiety over debt, poverty or impending poverty. Studies have pointed out that over and above this point is where wealth and happiness diverge. A 2010 study had that point pegged at about $75,000 for an individual.
https://www.pnas.org/content/107/38/16489 https://www.pnas.org/content/107/38/16489
Other studies have shown very similar results, with a sudden drop off in the correlation between happiness and wealth after basic needs have been met. Several are cited here:
https://www.cnbc.com/2015/12/14/money-can-buy-happiness-but-only-to-a-point.html https://www.cnbc.com/2015/12/14/money-can-buy-happiness-but-...