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.