Money Buys Happiness and You Can Never Have Too Much, New Research Says
Reuters
Americans have a peculiar conviction that the one thing money can’t give us is satisfaction. You can’t buy happiness, we’ve all been told. “Mo Money Mo Problems”, Biggie concurred. And while we can all agree that desperate poverty is hideous, there is a broadly held view that after a certain level of income (around $75,000, say), more money doesn’t buy more well-being.
But it’s just not so. Economists Betsey Stevenson and Justin Wolfers have been arguing for years that, yes, richer families tend to be happier, and no, there is not an automatic cut-off point. In other words: Mo money, fewer problems.
From The Atlantic, here.