We Need $75K to Be Happy

Study finds that's the magic number
By Kate Seamons,  Newser Staff
Posted Sep 6, 2010 3:46 PM CDT
We Need $75K to Be Happy
Hit $75,000 a year, and there will be a smile on more than the piggy.   (©alancleaver_2000)

(Newser) – Money can't buy us love, but it can, apparently, buy us happiness—so long as we make $75,000 a year or more. A new study examined the responses of 450,000 Americans to a poll, and found that as income increased (from, say, $35,000 a year to $45,000), people reported increasing happiness and decreasing stress ... until income hit $75,000. Anything above that point didn't improve happiness any more, meaning it's a sort of "happiness sweet spot," reports the LA Times.

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"More money does not necessarily buy more happiness, but less money is associated with emotional pain," the authors write. "Perhaps $75,000 is a threshold beyond which further increases in income no longer improve individuals' ability to do what matters most to their emotional well-being, such as spending time with people they like, avoiding pain and disease, and enjoying leisure." Click here for more things that make us more (or less) happy.

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