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Money only buys happiness up to $75K
Poast new message in this thread
Date: April 22nd, 2014 9:36 AM Author: yellow affirmative action http://www.inc.com/news/articles/2010/09/study-says-%2475,000-can-buy-happiness.html
But when asked to assess the happy hours of the previous day – whether people had experienced a lot of enjoyment, laughter, smiling, anger, stress, worry – money mattered only up to about $75,000. After that, money didn't buy more (or less) happiness.
Johnsmeyer crying, losing hope |
Date: April 22nd, 2014 9:37 AM Author: Supple Immigrant Abode what about having a family (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424775) |
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Date: April 22nd, 2014 9:43 AM Author: charismatic space nowags crying in a corner. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424793) |
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Date: April 22nd, 2014 9:45 AM Author: razzle-dazzle rambunctious theatre Maybe 75k disposable income (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424798) |
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Date: April 22nd, 2014 9:45 AM Author: Bonkers mustard really tough guy piazza seems entirely accurate for wage slaves. wonder about idle rich (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424801) |
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Date: April 22nd, 2014 9:53 AM Author: Laughsome stage does RSF seem particularly happy and non-MAF to you? (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424817) |
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Date: April 22nd, 2014 9:57 AM Author: Bonkers mustard really tough guy piazza he seems like a huge asshole but that's not at odds with getting your kicks. now if your point is that he's not living the "good life" in the aristotelian sense, fine, granted, and it's a stereotypical risk. otoh cash to burn doesn't stop you from developing an "affinity for africa" and the like either (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424825) |
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Date: April 22nd, 2014 7:57 PM Author: diverse chad (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428153) |
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Date: April 22nd, 2014 9:46 AM Author: Garnet sexy water buffalo hell Eh, it depends on the person.
A lot of people with money who are unhappy either have a really stressful job in order to get that money, or they just incessantly create their own problems.
If my salary magically quintupled or something, I'm sure I'd be happier for no other reason than I'd have more options and less worries, but then I tend to generally be pretty happy and optimistic anyway. |
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Date: April 22nd, 2014 9:49 AM Author: Multi-colored sepia multi-billionaire The happiness return on actively earned income requires exponential, continuous growth of income for it to be a source of happiness. $75,000 is right about where the curve would take off. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424814) |
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Date: April 22nd, 2014 10:01 AM Author: Garnet sexy water buffalo hell Idk about that.
Also, people's incomes tend to increase rather than decrease, so you don't have a huge set of people who make good money and then make a lot less money.
I can't say I'd be UNHAPPY if I were making $75k, but I'd certainly be less happy than I am now, if for no other reason than the fact that my earnings let me worry less about expenditures. I'm not a spendthrift at all, but I never have to worry about a nice dinner once a week, or going to Europe once a year for vacation. Not having to constantly calculate in my head whether I can afford occasional indulgences certainly makes me a lot happier than if I had to do that all the time, particularly after many years of not having to do those types of calculations. |
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Date: April 22nd, 2014 10:38 AM Author: Motley Temple Mood Heh, cruel to say that on a law board, where 80% make 200k their third year, then never reach that again, (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424985) |
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Date: April 22nd, 2014 10:41 AM Author: Garnet sexy water buffalo hell Given the debt loads, i don't think their disposable income plummets all that much. I'm not talking about just law though, obviously. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25425005) |
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Date: April 22nd, 2014 8:34 PM Author: mind-boggling karate ape Not having to constantly calculate in my head weather I can afford occasional indulgences
^this is scholarship. a reasoned approach to money-getting |
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Date: April 22nd, 2014 8:35 PM Author: yellow affirmative action I hate head weather. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428441) |
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Date: April 23rd, 2014 7:08 AM Author: Maize site associate The whole meme of "you only need $75k" is pure scholarship. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25430924) |
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Date: April 22nd, 2014 10:47 AM Author: Beady-eyed clear university twinkling uncleanness that's the thing though, salaries don't magically quintuple
you have to stress out more at the office, you have to be more anal retentive about your place in the office heirarchy, you have to take on more responsibility, etc etc
all sorts of things that don't really increase you life satisfaction, and might actively detract from your life satisfaction |
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Date: April 22nd, 2014 10:51 AM Author: Garnet sexy water buffalo hell Yes, I agree with that. That's why the thesis shouldn't really be that "money doesn't buy happiness past $75k", but rather "the marginal costs for most people to earn more than $75k tend to not outweigh the marginal gains from money above $75k". (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25425034) |
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Date: April 22nd, 2014 10:53 AM Author: Beady-eyed clear university twinkling uncleanness I think if you read the actually studies that the yahoo headlines are based off of, that's exactly the thesis (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25425057) |
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Date: April 22nd, 2014 10:55 AM Author: Garnet sexy water buffalo hell Didn't read it, but then yes I agree 100%. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25425068) |
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Date: April 22nd, 2014 9:46 AM Author: balding excitant doctorate Not in a high COL area bro (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424808) |
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Date: April 22nd, 2014 9:52 AM Author: charismatic space I live in a high cost of living area on 75k. I'm happy but I'm also naturally optimistic. However, I wouldnt be happy if this was my salary in 3 years and I'm still splitting a 2 bedroom for 2600. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424815) |
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Date: April 22nd, 2014 9:53 AM Author: balding excitant doctorate exactly - you'd be happier if you had your own place (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424816) |
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Date: April 22nd, 2014 10:09 AM Author: Exciting sable newt Damn I'd be mad as fuck if I paid 1300 a month on rent and only made 75K. Do you just not save any money? Assuming you have some ug and/or graduate school debt. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424858) |
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Date: April 22nd, 2014 10:36 AM Author: charismatic space very small amount of debt. my payment is 250 dollars a month. I save about 800 -1000 a month. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424980) |
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Date: April 22nd, 2014 8:24 PM Author: Comical hairy legs I do this and basically my plan is to never have a family. I don't really give a fuck at all. I pay 1400 in rent and don't have debt. 25K in savings. I'll get several hundo K from parents eventually. No family = no problems. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428355) |
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Date: April 22nd, 2014 9:54 AM Author: ungodly sex offender WOW another "happiness" survey. Like this is relevant to anything whatsoever.
What kind of fucking moron takes broad social surveys, that are based on squishy concepts like happiness no less, and then tries to imagine that they have some applicability to any individual life? |
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Date: April 22nd, 2014 7:03 PM Author: Very Tactful Tanning Salon Idea He Suggested You sound happy (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25427861) |
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Date: April 22nd, 2014 7:16 PM Author: self-centered carnelian school (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25427922) |
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Date: April 22nd, 2014 7:21 PM Author: ungodly sex offender :) (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25427942) |
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Date: April 22nd, 2014 8:21 PM Author: Maize site associate This is exactly right. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428330) |
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Date: April 22nd, 2014 10:21 AM Author: infuriating international law enforcement agency This is old. Personally though, My wife and I have gone from making ~30k to about 475k over the last ten years and my happiness level has remained pretty constant. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424918) |
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Date: April 22nd, 2014 10:31 AM Author: disturbing brunch wrinkle go on (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424963) |
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Date: April 22nd, 2014 10:34 AM Author: infuriating international law enforcement agency That's about it, man. Money just doesn't seem to affect my mood/happiness/enjoyment of life. Even when I wasn't making much we never overspent so we were never really under a bunch of money related stress. I could see how being cash strapped would fuck with happiness but beyond that, it doesn't do much for me. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424970) |
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Date: April 22nd, 2014 10:28 AM Author: bateful kink-friendly cruise ship This seems credited. Once you have the basics of life (shelter, food, tv etc), other material things probably don't add that much to your happiness.
Will having additional rooms in your house make you *that* much happier? Or having a Mercedes rather than a honda? Perhaps, but the additional time you spend working to afford those rooms and cars means less leisure time for things like family and exercise. A meal at a regular restaurant tastes almost as good as one at a top flight restaurant. There are significant diminishing returns. |
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Date: April 22nd, 2014 10:39 AM Author: Motley Temple Mood Basically because there are always people who have more to envy - people's happiness from wealth doesn't come from how much they have, but from having more than other people. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25424994) |
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Date: April 22nd, 2014 10:44 AM Author: Beady-eyed clear university twinkling uncleanness this almost seems common sense to me
almost to the point where I wonder about the people who disagree with it
whether they've never had a serious reflexion about which life circumstance correlate with their own life satisfaction |
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Date: April 22nd, 2014 7:04 PM Author: greedy soul-stirring pisswyrm sneaky criminal Twentynine the poaster requires $300K, thanks. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25427869) |
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Date: April 22nd, 2014 7:12 PM Author: razzle parlor wife and i went from making about $250k combined to making around $100k while adding two kids and we are happier now. we are poors and live like it.
only thing that sucks is when we get invited out by our doctor friends who make 8x what we bring in. we can't really afford to eat at a nice restaurant very often and they always end up offering to pay and i feel like a cuck. what's happened is that we've just started hanging out with younger couples or other poors (students, bartenders, shitlawyers, etc.). |
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Date: April 22nd, 2014 7:16 PM Author: irate stimulating gas station is this assuming you have to work some horrible fuking job like biglaw to earn the money? as opposed to a normal job? i don't get it. why would you not be happier with more money past 75k? (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25427921) |
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Date: April 22nd, 2014 8:21 PM Author: Snowy dog poop spot ,Choi lisped. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428329) |
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Date: April 22nd, 2014 8:41 PM Author: crystalline parlour main people thats the thing: there are marginal costs in getting more money (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428478) |
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Date: April 23rd, 2014 7:43 AM Author: twinkling high-end school cafeteria persian so, doesn't this show that money does add happiness, it is just offset by those marginal costs. If someone making $450k is not Unhappier than a $75k person, then there must be some bump in happiness to compensate for all the late nights and weekends that the $450k person works over the $75k person.
Another thought: if we look at how people act (as opposed to what they say about themselves), many, many people are motivated by more money. This study seems to be saying that all those people are delusional. Isn't it more likely that people on average are rational, and that the study methodology is flawed? |
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Date: April 22nd, 2014 8:23 PM Author: Maize site associate Based on my personal history, I strongly disagree. For me, that number is somewhere between $250k-$300k. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428345) |
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Date: April 22nd, 2014 8:27 PM Author: Lascivious chestnut area yeah, no there is a shitload of happiness in watching retirement savings grow |
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Date: April 22nd, 2014 8:49 PM Author: pearly titillating circlehead how much money i make does not impact my mood day to day (the number of days i am in a good or crappy mood prob doesn't fluctuate whether i make $100k or $300k), but it definitely impacts my overall level of stress and happiness w/r/t life as a whole. (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25428524) |
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Date: April 23rd, 2014 8:11 AM Author: Flatulent Dragon Menage I hate studies with overreaching conclusions like this.
75k disposable income in nyc =/= 75k disposable income in omaha, nebraska |
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Date: April 23rd, 2014 8:31 AM Author: Fragrant Yarmulke So if you have a wife and two kids, you need 300k family income to maximize happiness? (http://www.autoadmit.com/thread.php?thread_id=2549068&forum_id=2#25431015) |