Author Topic: How much money does it take to be happy?  (Read 1815 times)

Kwill

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How much money does it take to be happy?
« on: February 16, 2018, 04:00:50 AM »
I thought this was an interesting article. A study looked at how individual incomes correspond to life evaluation / satisfaction levels and emotional well being levels. Happiness increased with income up to a point and then declined. That point depended very much on where the person was living. For emotional well being, $60,000 to $75,000 was the average ideal point overall. I wonder what the ideal would be for members here.

https://www.realclearscience.com/articles/2018/02/15/how_much_money_does_it_take_to_be_happy_110551.html
« Last Edit: February 16, 2018, 04:44:54 AM by Kwill »

Freedomin5

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Re: How much money does it take to be happy?
« Reply #1 on: February 16, 2018, 04:22:02 AM »
$40k per year of PASSIVE income would make me very happy.

HenryDavid

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Re: How much money does it take to be happy?
« Reply #2 on: February 16, 2018, 03:35:00 PM »
In Canada, roughly someplace between the official Low Income Cutoff (an income below which you qualify for government aid of various kinds) and the individual median income: that is, between $24k and $27k in Canuck dollars, per person.
You could certainly be happy on less. You can be unhappy on way more.
But for sure it’s abundantly easy here, with that much dough, to have a life where any unhappiness you feel is NOT due to material deprivation.
In my humble and road-tested opinion.
(Honestly, 2 of us live like pharaohs spending $54k, or the top level of 2 such incomes. Pharaohs!)