LivingDoes money bring happiness?

Does money bring happiness?

Money can buy happiness. The emotional well-being of Americans, their happiness, increases as their income increases until they reach $ 75,000 per year, according to a study published today in the scientific journalProceedings of the National Academy of Sciences (PNAS).

Angus Deaton, an economist with the Princeton University Center for Health and Wellness, and his colleague Daniel Kahneman analyzed the responses of 450,000 respondents. The survey included questions about people’s everyday happiness and how satisfied they were with their lives, in general. The field study was conducted between 2008 and 2009 for the Gallup-Healthways Wellness Index.

The results showed that lHappiness increased as income increased, but thateffect was nullified upon reaching $ 75,000. However, the overall perception of success or well-being continued to rise as income surpassed that point. For those making less than $ 75,000, Deaton explained, “things are so far away that it’s hard to be happy; it interferes with enjoyment.”

Someone who goes from a job that makes $ 100,000 a year to one that pays $ 200,000 is more successful, but that doesn’t necessarily mean they are happier on a day-to-day basis, Deaton said. Also, people were a lothappier on weekendsBut that did not increase their overall perception of well-being.

Until now, some research has questioned thevalue of economic development for people. Deaton said they are far from solving the matter, but added: “Working on this project has brought me a lot of emotional well-being. As an economist I tend to think that money is good for people, and I am pleased to find some evidence that this is so.” .

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