If you still buy into the cliche “money doesn’t buy happiness,” you’re living in a fantasy. Data has proven time and time again that money may actually be capable of buying happiness.
A previous study from 2010 found that an income up to $75,000 was right around the amount of money that correlated to emotional well-being. However, newer studies suggest that this number has gone up as the cost of living goes up.
A 2018 global sampling of 1.7 million people found that this salary number is closer to $95,000 these days. It’s important to note that this income varies depending on other factors as well including where you live and the local cost of living there.
- Keep in mind that while money does correlate to happiness, it isn’t the end-all-be-all. Other factors such as personal relationships, health, and safety also contribute to personal happiness.
Source: The Balance