Reply to Keeping up with the Jones'

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[quote=Anonymous][quote=Anonymous]Studies have shown that people's happiness depends on their status relative to their peers, not relative to the entire global population. [/quote]

Cite please?

Actually, studies show that money only buys happiness to a point, and past that, more money doesn't matter.

http://www.cnbc.com/2015/12/14/money-can-buy-happiness-but-only-to-a-point.html

[i]Statistically speaking, household income is strongly related to both emotional well-being and a person's evaluation of their own quality of life.

Will getting a raise this season make you less nervous, stressed or sad? It depends on how much you're already making, according to a recent study from an economist at the Weatherhead School of Management at Case Western University.

Each dollar makes a big difference in reducing negative emotions for people in the 20th income percentile, but those returns fall off by the 80th income percentile and disappear at around $200,000, according to the study.[/i][/quote]

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