Money and Happiness: Extended Evidence Against Satiation
Abstract
Is there a point beyond which more money is no longer associated with greater happiness? In recent research, I found that happiness rose steadily at least up through incomes of hundreds of thousands of dollars per year. But what happens beyond that – does happiness plateau, decline, or continue rising? To find out, I compare happiness from a large U.S. sample with diverse incomes (N = 33,269) to the happiness of two high net-worth samples (N = 49, N = 2,129) using a nearly identical hap...
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