I think this study is cited more than it is warranted. The study measures happiness compared to income. But it says nothing about overall wealth. It makes sense

I think this study is cited more than it is warranted. The study measures happiness compared to income. But it says nothing about overall wealth. It makes sense that more income helps happiness only up to a point, as the stresses of simply securing that income become the main drivers of daily stress once basic needs are met. I wonder what the relationship between hourly rate vs happiness looks like. When income is casually mentioned it is usually understood to mean wealth. This study is then implicitly an argument against focusing on amassing too much wealth, with the claim that being richer won't make you happier. But the methodology of the study just doesn't back this up. We need to be careful how and when it is cited.