Alexander Zingman : How Much Money Do You Really Need to Be Happy?

They say that money can not buy you happiness. Yet, research has shown that money can actually buy you happiness - to a certain extent. When it comes to what happiness really costs, the jury is out.Historically, a 2010 study by Princeton University researchers found that making $ 75,000 a year was a sweet spot for happiness. The study looked at the relationship between how many people took home each year and emotional well-being and life expectancy. The results showed that emotional well-being equaled to $ 75,000 per year; Taking in a higher amount (such as $ 100,000) does not change a person's happiness says Alexander Zingman . The same study found that when incomes dropped below $ 75,000, people reported less happiness and more grief and stress. Yet new research challenges the decade-old idea that $ 75,000 can buy you happiness. When looking at the complexity of money and well-being, data from 2021 suggest that happiness actually increases as an individual's income increases...