‘Money Can’t Buy Happiness’ Debunked by Income Study

magnet money

In news that will come as no surprise to cash-strapped individuals the world over, researchers have revealed that there is an optimal amount of money a person needs to be happy. Spoiler: it’s a lot.

Researchers at Purdue University in Indiana studied data from 1.7 million people in 164 countries and found that in order for a person in the US to be truly happy, they need to be pulling in $95,000 a year.

In order to be a little less happy, but have “emotional well-being”, basically being happy with your day-to-day life, you need to drawing $60,000 to $75,000 per annum.

“That might be surprising as what we see on TV and what advertisers tell us we need would indicate that there is no ceiling when it comes to how much money is needed for happiness, but we now see there are some thresholds,” study lead Andrew T. Jebb said in a university press release. The research was published in the journal Nature Human Behaviour.

Perhaps unsurprisingly there was “substantial variation across world regions, with satiation occurring later in wealthier regions for life satisfaction,” Jebb added. “This could be because evaluations tend to be more influenced by the standards by which individuals compare themselves to other people.”

However – and this may come as a surprise given how extraordinarily happy the global super-rich appear to be on Instagram – there is a monetary limit to happiness. If this financial level is surpassed, it can lead to “reduced life satisfaction and a lower level of well-being.”

“At this point they are asking themselves, ‘Overall, how am I doing?’ and ‘How do I compare to other people?’” Jebb said. “These findings speak to a broader issue of money and happiness across cultures. Money is only a part of what really makes us happy, and we’re learning more about the limits of money.”

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).


Contributed by RT.com of RT.com.


Related Posts

Turkey Issues Urgent Warning as Syrian Army Prepares for Conflict ‘Within Hours’

Comments Off on Turkey Issues Urgent Warning as Syrian Army Prepares for Conflict ‘Within Hours’

Animal rights group decries conditions at turkey farm

Comments Off on Animal rights group decries conditions at turkey farm

The government is shut down. What happens now?

Comments Off on The government is shut down. What happens now?

Charity Worker Arrested, Facing 5 Years in Prison For Giving Starving Immigrants Food And Water

Comments Off on Charity Worker Arrested, Facing 5 Years in Prison For Giving Starving Immigrants Food And Water

Senator urges Congress to act after bombshell Trump report

Comments Off on Senator urges Congress to act after bombshell Trump report

Russian voters head to the polls to hand Putin a 4th term

Comments Off on Russian voters head to the polls to hand Putin a 4th term

ABC News slammed for Joy Behar’s attack on Mike Pence’s Christian faith

Comments Off on ABC News slammed for Joy Behar’s attack on Mike Pence’s Christian faith

California Gov’t Caught Building Housing on Contaminated Nuclear Test Sites

Comments Off on California Gov’t Caught Building Housing on Contaminated Nuclear Test Sites

Carmen de Lavallade’s “fearless” journey to dance icon

Comments Off on Carmen de Lavallade’s “fearless” journey to dance icon

Alabama vs. Ohio State: Which team will get final playoff spot?

Comments Off on Alabama vs. Ohio State: Which team will get final playoff spot?

As GOP effort to force immigration votes gains support, Ryan pushes back

Comments Off on As GOP effort to force immigration votes gains support, Ryan pushes back

Designer shows sketches of Markle’s possible wedding dress

Comments Off on Designer shows sketches of Markle’s possible wedding dress

Create Account



Log In Your Account