This is how much money you need to be happy

[Charmonium]

The team used the Gallup World Poll, which has surveyed 1.7 million people from 164 countries. The researchers looked at people's emotional well-being, day-to-day feelings, and life evaluation, which is essentially how satisfied you feel with your life. According to the study, which is published in Nature Human Behaviour, the relationship between money and happiness has certain thresholds.

“It’s been debated at what point does money no longer change your level of well-being. We found that the ideal income point is $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being. Again, this amount is for individuals and would likely be higher for families,” lead author Andrew T. Jebb said in a statement.

http://www.iflscience.com/editors-blog/study-puts-a-number-on-how-much-you-need-to-earn-to-be-happy/

 

[Ns1]

Sounds reasonably accurate.

 

[Charmonium]

Sounds reasonably accurate.

IDK. It's not really going to keep you in hookers and blow.

 

[Red Squirrel]

Yeah I'd say that's accurate. I usually clear close to or around 80k and I'm generally happy. Would I want to make more? Sure, but I'm happy with what I have. If I had more, I imagine it would mostly go towards savings. I would feel more secure, but that's about it. 100k is probably the golden amount to be rich, anything after that would probably have diminishing returns. You can only drive one M3 at a time.

 

[Ns1]

You can only drive one M3 at a time.

but you can have a different colour for every day of the week.

 

[Chaotic42]

Laughably wrong for me.

 

[Red Squirrel]

but you can have a different colour for every day of the week.

That is true, and probably want different colours for each season too.

 

[GagHalfrunt]

Screw that, I'll never be happy until I have enough money to build a death ray.

 

[tynopik]

20% more

 

[snoopy7548]

It depends. When I was making less I was probably more happy, but that's because I had fewer responsibilities and I was able to goof around at work more often. Also, my team was the same age as me and we all had a great sense of humor. Now I'm making a lot more than I was seven years ago, but there's less opportunity for goofing around, and I'm always more tired after work than I was years ago.

 

[VirtualLarry]

I was mostly semi-happy, with my disability check, sort of. Well, it keeps a roof over my head, and ramen in the pantry.

Yeah, I guess I'd rather be making 100K / yr instead, and have a "real job".

I'm "surviving". (Well, some people might consider it "living it large", I've got more PCs than I can use at once, and plenty of tech things. Though, I'm still somewhat budget-oriented, I don't have cable TV beyond the broadcast channels that don't come in very well over an antenna, and I don't own any iPhones or iPads. But then again, I'm not an Apple-follower.) Got enough Ramen in the pantry.

Edit: Just so people don't think I'm a complete Mooch, I was previously employed as a software programmer back in the day.

 

[Darwin333]

IDK. It's not really going to keep you in hookers and blow.

You would just have to adjust your quality lower, not that I'd know anything about that being an ATOT baller and all.

 

[Darwin333]

That is true, and probably want different colours for each season too.

Obviously. You don't want to be confused with those poor folk that can only afford 1 M3 and their color is way out of season.

 

[Darwin333]

20% more

Ironically that is what your wife needs to be satisfied as well.

 

[Sonikku]

I'm only $88,520 away from the ideal income point!

 

[BoomerD]

Obviously. You don't want to be confused with those poor folk that can only afford 1 M3 and their color is way out of season.

Really...never, NEVER drive white after Labor Day.

 

[Skunk-Works]

 

[BarkingGhostar]

Screw that, I'll never be happy until I have enough money to build a death ray.

And the kind that can be mounted to sharks.

 

[Exterous]

$95,000 per month right? Because I'm not sure I could cut spending down below that.

 

[Muse]

Yeah I'd say that's accurate. I usually clear close to or around 80k and I'm generally happy. Would I want to make more? Sure, but I'm happy with what I have. If I had more, I imagine it would mostly go towards savings. I would feel more secure, but that's about it. 100k is probably the golden amount to be rich, anything after that would probably have diminishing returns. You can only drive one M3 at a time.

"He who is not content with what he has would never be content with what he wants." -- Socrates

 

[rh71]

Why does it give a general figure like that without considering cost of living? Our county's median income is one of the highest in the country yet many here are stressed with all the taxes and other ripoffs. As another example - since most decent homes here are 500k+, people are stressed with mortgages as a large part of their expenditures. Work longer hours or commute longer to NYC to get a good enough paying job.

It should state how much we should have left over (monthly, yearly) for our own use in order to determine what keeps one satisfied. Simply using income is largely meaningless here.

 

[Muse]

That's a poor rich man, nowadays, right?

 

[amdhunter]

If someone gave me $10k. I'd retire within 2 years.
That's all I need.

 

[thebestMAX]

Is that monthly or yearly?

 

[zinfamous]

Can you please translate that into bitcoin?