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> The idea that it plateaus is a well studied phenomenon; most people don’t get significantly happier after 75k or so a year. That claim is 100% bullshit and I
by Sohcahtoa82 3y ago
> The idea that it plateaus is a well studied phenomenon; most people don’t get significantly happier after 75k or so a year.
That claim is 100% bullshit and I'm surprised anybody on HN would ever believe it. Just consider housing prices alone!
Where was that study done? Bumfuck, Nowhere, where a 2,000 sq ft house is $50K and you can live like a king on $30/hr? Was it done in 1990 or something?
Go to ANY major city and $75K/year won't even buy you a modest condo, let alone a house. You'll struggle to even raise a family in an apartment on that.
I can certainly tell you that I'm much happier making $200K/year than when I was making $100K/year. $100K paid all the bills and still had decent disposable income. $200K means I can buy a $2,000 GPU and not feel like I need to budget for it. $200K means I can buy my $150,000 dream car. $200K means I can buy prime-quality ribeye on a whim and not care that it's $30/lb. It means flying first class to Italy when I go on vacation, rather than flying coach to somewhere in the USA.
I can't fathom how ANYBODY can think the plateau happens at $75K. Absolute and utter nonsense.
- BriggyDwiggs42 3y agoYeah I think the study I was drawing on has been debunked, so nevermind. https://www.cbsnews.com/news/money-happiness-study-daniel-kahneman-500000-versus-75000/ https://www.cbsnews.com/news/money-happiness-study-daniel-ka...
- zaphar 3y agoYou did absolutely nothing to debunk the claim except say that you can't believe it's true relying purely on your anecdotal experiences.
- Sohcahtoa82 3y agoI gave specifics, but try taking a broader interpretation. I touched on the topic of housing. I think most families would be happier in a ~2000 sq ft house rather than a <1000 sq ft apartment[0]. Certainly you can accept that truth without needing a peer-reviewed study of people's housing preferences. You can't buy a 2000 sq ft house on $75K/year unless you're in the middle of nowhere. [0] Note that I mean MOST, not ALL. There are some people that despise single-family homes and prefer the higher-density aparments/condos, but I think they're a minority.