What do you think basic needs are? $200 a day, what a joke. That's $73,000 a year. Entire families live on less than that. |
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I think many of these reports saying you need to make $X to be happy is pretty silly, but it does prompt interesting discussions. I think the title of the article is a misnomer because money defiitely doesn't buy happiness...but, $90k could very well be the income where you don't worry about money and can focus on things that can make you happy.
I'm a single male in my mid-30s making mid-$200s and I'm neither happy nor unhappy. I definitely think that you need to have your basic needs to be met (food, shelter) and you need to earn a certain amount of money to pay for that. But, "basic needs" vary widely by individual/household. I think I've known this all along (maybe just getting older too), but I'm definitely realizing that beyond a certain point, extra money/income provides me very little marginal utility. I just save more money and spend more, but this doesn't make me any happier. I live in a nicer place, drive a fancier car, wear more expensive clothes, etc... But, I'm realizing that buying nicer stuff is like a sugar high...provides a temporary boost, but eventually it doesn't change much. Things clearly change drastically when you have a family... |