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There used to be a happiness cap of 75k earnings that everyone considered, but there seems to be a happiness inflation with a cap today 500k [0]. But the correl
by riedel 2y ago
There used to be a happiness cap of 75k earnings that everyone considered, but there seems to be a happiness inflation with a cap today 500k [0]. But the correlation also seems to be that it depends on the mindset of the people. In the end it might be easier to change your mind than your salary.
[0] https://www.cbsnews.com/news/money-happiness-study-daniel-kahneman-500000-versus-75000/ https://www.cbsnews.com/news/money-happiness-study-daniel-ka...
- vlovich123 2y agoThe problem with any study like that is it's a) hard to actually measure happiness b) your wealth depends on everyone else's. If everyone else is making 10k/year, you're 75k feels comparatively like a lot more & goes a lot further because costs are scaled down similarly. More importantly, humans derive a lot of satisfaction generally from comparative analysis - if I'm doing better than my neighbor, I'm happy and if I think he's doing better I'm upset.