If so, what is the optimum income level?
2006-08-19 15:59:56 · 12 answers · asked by fresh2 4 in Social Science ➔ Economics
I've heard that increasing wealth does correlate with increasing happiness up until people make the equivalent of around $50-$60k/yr. Beyond that, there doesn't seem to be much gained in happiness, overall, with increasing wealth. Although, I'm sure some wealthy and not-so-wealthy people would beg to differ.
The primary reason $50-$60k/yr seems to be the magic number is that is the point where a lot of the basic needs can be met along with a few leisurely hobbies without much struggle. Beyond that point, additional wealth just makes it so that you can buy bigger and better toys.
2006-08-20 09:28:50 · answer #1 · answered by ZepOne 4 · 0⤊ 0⤋
Of course it does. But happiness does not depend on wealth. We can satisfy our material needs with our money but life would be meaningless without the love of friends and family which money cant buy. Sad to say i dont think there is an optimum income level, man is greedy.
2006-08-19 23:09:47 · answer #2 · answered by Cat Commander 3 · 0⤊ 0⤋
The greater clever you're, the greater happy you're, yet given which you're clever sufficient to choose so. in any different case, with the parabolical increasing of intelligence, the happiness parabolocally decreases continuously - the extensive ecosystem of much less clever makes you experience so. there's a correlation for optimistic.
2016-12-17 13:53:01 · answer #3 · answered by ussery 4 · 0⤊ 0⤋
nope. i read a really great article in national geographic, explaining that even though after world war 2 people have been getting bigger houses, and more money, polls show that the percentage of happy people is the same. i think it's really sad that people think more money and more stuff will make them happy. i remember my teacher told me a story about a poor man in india who saw a video of life in america and said "are americans so unhappy that they always need more expensive things?"
2006-08-19 19:12:45 · answer #4 · answered by satirecafe 3 · 1⤊ 0⤋
I say yes.
Not in your personal life,
but it takes the stress off
so you can identify that
you are honestly miserable.
That is the correlation.
2006-08-19 16:23:32 · answer #5 · answered by NANCY K 6 · 0⤊ 0⤋
Yes ------- there is.
Your utility curve continues to the top-right as income/budget increases.
Unless you're a shitbag religious nutjob, money is happiness......Whoever dies with the most toys wins.
2006-08-19 20:02:49 · answer #6 · answered by intelbarn 3 · 0⤊ 1⤋
no correlation...
some rich countries' citizens feel stressful all the time, while poor nations' people enjoy their simple lifes
2006-08-19 16:24:03 · answer #7 · answered by mickolock 1 · 0⤊ 0⤋
Happiness is making others happy not having $$$!! =D
2006-08-19 21:16:50 · answer #8 · answered by one 4 · 0⤊ 0⤋
No! It just means you can afford to do more things you enjoy.
2006-08-19 16:05:45 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Richer people are not happier than poorer people.
2006-08-19 16:06:55 · answer #10 · answered by Larry 6 · 0⤊ 0⤋