It turned out the overall happiness ranking for people making 40 000 a year was 3 5 out of 5. But some of our recent research suggests that at least some of the causal influence goes in the other direction that cheerful people are likely to make more money than unhappy people.
It has usually been assumed that the correlation between income and happiness is due to money affecting feelings of well being.
Happiness vs income. This variance is where things get interesting. In mississippi by comparison the threshold at which more money stops making you happier is a lot lower. The research follows a much discussed 2010 study from princeton university that found emotional well being only rises with income to a point of about 75 000 for americans or 86 000 in today s.
Peck and douthat interpret the results as suggesting that above about 20 000 per capita increases in wealth yield at best minimal increases in happiness. In general this means that as a country s wealth increases from 10k to 20k per person it will likely slide up the happiness scale as well. The first was a survey of americans and found that the amount of money people spent on gifts to others or gave to charity was positively associated with general happiness even when overall income.
Although income is widely assumed to be a good measure of well being the researchers found that its role is less significant than predicted and that people with higher incomes do not necessarily spend more time in more enjoyable ways. People surveyed about their own happiness and that of others with varying incomes tended to overstate the impact of income on well being according to a new study. It rose to 3 89 for those making over 300 000.
They must mean. Short s analysis found that if you live in a place like hawaii where the cost of living is relatively high a household needs to make 122 175 per year before some extra cash doesn t really translate into more happiness. For a double from 30k to 60k the relationship still holds but it tends to have far more variance.
A short article by don peck and ross douthat in the atlantic monthly summarizes some research on the relationship between income and happiness by dutch sociologist ruut veenhoven. The correlation between happiness and occupation income or wealth is far less that the correlation between happiness and how people feel about their occupation income or wealth.