This Is the Amount of Money You Need to Be Happy, According to Research

A large analysis published in the journal Nature Human Behavior used data from the Gallup World Poll, a survey of more than 1.7 million people from 164 countries, to put a price on optimal emotional well-being: between $60,000 and $75,000 a year. That aligns with past research on the topic, which found that people are happiest when they make about $75,000 a year.

But while that may be the sweet spot for feeling positive emotions on a day-to-day basis, the researchers found that a higher figure — $95,000 — is ideal for “life evaluation,” which takes into account long-term goals, peer comparisons and other macro-level metrics.

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The researchers, from Purdue University, also found that it may be possible to make too much money, as far as happiness is concerned. They observed declines in emotional well-being and life satisfaction after the $95,000 mark, perhaps because being wealthy — past the point required for daily comfort and purchasing power, at least — can lead to unhealthy social comparisons and unfulfilling material pursuits.

Source Credit: Money

 

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