Happiness Costs $75,000

"The magic income: $75,000 a year. As people earn more money, their day-to-day happiness rises. Until you hit $75,000. After that, it is just more stuff, with no gain in happiness."

"More money does boost people’s life assessment, all the way up the income ladder. People who earned $160,000 a year, for instance, reported more overall satisfaction than people earning $120,000, and so on. 'Giving people more income beyond 75K is not going to do much for their daily mood ... but it is going to make them feel they have a better life,' Princeton economist Angus Deaton told the Associated Press. He added that, 'As an economist I tend to think money is good for you, and am pleased to find some evidence for that.' The results are fascinating, especially in this conflicted age of materialism."

Related Articles

To save us, half of Earth needs to be given to animals

We're more dependent on them than we realize.

(Photo Lily on Unsplash)
Surprising Science
  • Scientists says our survival depends on biodiversity.
  • A natural climate strategy we often forget.
  • Seeing our place among the Earth's living creatures.
Keep reading Show less

New infographics show how cigarette smokers are socially penalized

There's a high social cost that comes with lighting up.

(Porch)
Sex & Relationships
  • The home improvement company Porch recently polled 1,009 people on their feelings about smoking.
  • The company recently published the results as infographics.
  • In terms of dating, 80 percent of nonsmokers find the habit a turnoff
Keep reading Show less

The "catch" to being on the keto diet

While short-term results are positive, there is mounting evidence against staying in ketosis for too long.

Brendan Hoffman / Getty
Surprising Science
  • Recent studies showed volunteers lost equal or more weight on high-carb, calorie-restricted diets than low-carb, calorie restricted diets.
  • There might be positive benefits to short-term usage of a ketogenic diet.
  • One dietician warns that the ketogenic diet could put diabetics at risk for diabetic ketoacidosis.
Keep reading Show less