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Reply to "mo money, mo problems?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I think the research says that people who earn $85k+ are happier than those who earn less than $85k, but happiness generally plateaus after that inflection point.[/b] I think that people with sudden windfalls or influxes of cash are more likely to have more problems, but people with generally ascents into wealth probably have no real problems worth complaining about. [/quote] I'm not sure how this came to be part of the conventional wisdom - probably far too many journalists regurgitating one person's misunderstanding of the study - but the research does not say this, at all. The research indicates that emotional well-being didn't increase past $75k (in 2010), but life satisfaction (read: happiness) absolutely [b]does[/b] keep increasing past $75k.[/quote] This is the latest study: https://www.pnas.org/content/118/4/e2016976118 "Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. This suggests that higher incomes may still have potential to improve people’s day-to-day well-being, rather than having already reached a plateau for many people in wealthy countries." Key insight - it is log-linear to 500K. (More is outside dataset/sample) so [/quote]
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