Is $75,000 the Cusp for Happiness?

cusp of happinessEveryone has heard the saying “more money, more problems”, but is it really true the more money you make, the happier you will get? Is $75,000 the cusp for happiness?

Two Princeton University researchers pondered that same question and found interesting conclusions.

In sum, they discovered  a person earning about $75,000 a year is relatively happy about their life. People who earned less than $75,000 had low life evaluation and experienced emotional misery. On the other hand, people who earned more than $75,000 view themselves as successful, but was unhappy on a daily basis.

What are your thoughts regarding this study? Do you agree or disagree with their finding? Let us know in the comments.

Source: Kahneman, D & Deaton, A. (2010). High income improves evaluation of life but not emotional well-being. PNAS Early Edition 107(38), p. 16489 -16493.

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