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The study you're thinking of noted that $75k was the level above which additional income would not significantly impact "happiness". While there are a multitud
by doktrin 14y ago
The study you're thinking of noted that $75k was the level above which additional income would not significantly impact "happiness".
While there are a multitude of caveats needed for any such claim, the most obvious is the fact that $75k means very different things depending on where you live.
The WSJ adjusted the number for cost of living, below :
http://blogs.wsj.com/economics/2010/09/07/what-salary-buys-happiness-in-your-city/ http://blogs.wsj.com/economics/2010/09/07/what-salary-buys-h...
All of the above should be taken with a grain of salt, but the basic TL;DR is that the figure is actually ~$100k+ in most major US cities.
- nazgulnarsil 14y agoThe flip side of this is that you can also achieve many of the same objectives (i.e. things that impact happiness) on a smaller budget by paying attention to the relevant research on what really makes us happy. The value of happiness research is where it shows us how bad we are at predicting our own preferences. Incorrect predictions are expensive.