Money does indeed buy happiness, and it increases with a bigger paycheque more than economists previously believed, a recent analysis has found.

  • Repple (she/her)@lemmy.worldEnglish
    201·
    9 months ago

    There was a study a while ago what showed money correlated well with happiness until about 100k/yr of income in the US, at which point it flatlined. I can’t remember how long ago this was and inflation would certainly make that number high today, but it made sense other than that even at the time I thought 100k was a but low for the flatline, but I’ve lived in some of the most expensive areas of the US and in Japan through my life, so I’m sure my experiences are a very skewed.

    • shalafi@lemmy.worldEnglish
      3·
      9 months ago

      For me that was around the $70K range 4-years ago. Now there’s been crazy inflation and I’m at $81K. If I hadn’t gone nuts on credit cards, I’d be sitting pretty.

    • sylver_dragon@lemmy.worldEnglish
      2·
      9 months ago

      Being the sole income for a family, and having moved past the $100k/yr mark, I will disagree with that conclusion. I do agree that there are diminishing returns, and that does grow the higher you go. But, having the ability to just say “fuck it” and pay for something rather than constantly struggling, shuffling bills around or having to figure out what to cut this month makes life better. Sure, it’s not going to magically fix all your problems. But it makes it a damned sight easier to work on those other problems, when you’re not constantly stressed about money.