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.
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