3 ms·
> I read somewhere that around the $ 60,000-a-year mark. Your happiness level doesn’t go up the more you earn. The "happiness caps out at 60-75k" meme has been
by voxic11 3y ago
> I read somewhere that around the $ 60,000-a-year mark. Your happiness level doesn’t go up the more you earn.
The "happiness caps out at 60-75k" meme has been pretty well debunked at this point. Even the author of the original study that came to that conclusion now agrees it was a result of limitations in the design of the study.
> Using this data, which constituted over 1.7 million experience samples, Professor Killingsworth found that larger incomes “were robustly associated” with both greater happiness and greater life satisfaction. Further, there was no observed plateau in either happiness or life satisfaction at $75,000 or any other level. As income increased, positive feelings increased, and negative feelings decreased. [0]
[0] https://www.forbes.com/sites/johnjennings/2024/02/12/money-buys-happiness-after-all/ https://www.forbes.com/sites/johnjennings/2024/02/12/money-b...
- hamhock666 3y agoI guess money for the point of money is the issue. If you have some higher goal like doing something in the world or running a business, then more money probably helps with that.
- BXlnt2EachOther 3y agoand even if the first study hadn't been questioned, $75,000 in 2010 when it was published, the midpoint of a 60-90k range iirc, is equivalent to $104,000 today. edit: I'm not advocating greed is good or anything. I have some personal bias against this study, not due to the author or results. It's that the first I heard of it, a literal billionaire was using it to defend flat worker salaries vs significant executive bonuses that year.