Cost of Living9:53Mo money, mo happiness
Money does indeed buy happiness, and it increases with a bigger paycheque more than economists previously believed, a recent analysis has found.
Widely reported findings by two Nobel Prize-winning economists in 2010 cemented the idea that money could buy happiness only to a certain point — and that point was said to be about $75,000 at the time.
“The [Daniel] Kahneman and [Angus] Deaton paper in 2010 found that the relationship between income and happiness, or emotional well-being, flattens out at around $75,000,” said Kostadin Kushlev, a happiness researcher and assistant professor at Georgetown University’s department of psychology in Washington, D.C.
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