Studies Say You Only Need $75,000 to Be Happy. They’re Wrong.
There have been a ton of studies about the connection between money and happiness. And most of them say your happiness peaks around $75,000-a-year . . . because more money doesn’t change things.
Well . . . a new study from two economists at the University of Michigan found that’s just NOT TRUE. More money DOES mean more happiness, like we always thought.
The researchers found there’s no point where having more money stops affecting your sense of well-being or your happiness.
Quote, “We find no evidence of a significant break in either the happiness-income relationship, nor in the life satisfaction-income relationship, even at annual incomes up to half a million dollars.”
So why did this study find something different than other studies? The researchers say other studies focused too much on people on the lower end of the income scale, and not enough on the high end.