Sunday, 3 October 2010

Money And Happiness

Most readers of this blog are probably looking to make a little more money to supplement their regular income, and might be interested to read that money can buy happiness, but only up to a point. Be careful what you wish for.

A Princeton study reports that emotional well-being peaks at an annual income of about $75,000 (£47,408 at today's exchange rate) - the point at which most people feel they have enough money to purchase their basic needs.
As incomes rose beyond that point, people did report a higher level of overall life satisfaction, probably because they felt more successful. But going from a job that pays $75,000 to, say, $200,000 also brings what researchers termed "negative effects" - more responsibility, more pressure to perform, and more stress. In that larger sense, the study found, money does not buy happiness; it can, in fact, buy more worry, anxiety, and aggravation.

1 comment:

Anonymous said...

I make around 100K a year betting, only been at it a couple of years. I used to be unemployed so it's quite a step up. It hasn't brought me happiness, just insecurity. Maybe with 10 years worth in the bank I'll feel better...