This Is The Perfect Salary for Happiness

by Wall Street Job Report on April 12, 2012

From Brazen Life:

Ever wonder how much money you’d have to make to feel content? Or think you’d be happier if you could just make a few thousand dollars more each year?

The Wall Street Journal reports on a study that shows you can put a dollar figure on happiness.

The bull’s eye? $75,000 a year. That’s for everyday happiness though, not overall, year-over-year satisfaction (which continues to increase with your income, according to the study).

As people earn more money, their day-to-day happiness rises. Until you hit $75,000. After that, it is just more stuff, with no gain in happiness.

That doesn’t mean wealthy and ultrawealthy are equally happy. More money does boost people’s life assessment, all the way up the income ladder. People who earned $160,000 a year, for instance, reported more overall satisfaction than people earning $120,000, and so on.

“Giving people more income beyond 75K is not going to do much for their daily mood … but it is going to make them feel they have a better life,” Mr. Deaton told the Associated Press.

So what do you think? What’s YOUR perfect salary for happiness?

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3 comments

I’d say 75k spare cash per annum would make me happy, but currently my salary is 3x that and with rent, school fee’s and taxes I’m far from happy…. I think I need 4x..

by Gary on April 12, 2012 at 9:31 pm. Reply #

Well, honestly and if I can choose, I prefer the CEO’s salary
in accordance with the following article:

“CEO compensation continued to rise in 2011″.
“….. PerkinElmer Inc. chief executive Robert F. Friel earned $12.8 million, up 61 percent from 2010. The Waltham life sciences company gave Friel a $5.7 million cash bonus, accounting for most of the increase in pay, based on its incentive plan.”

[By Todd Wallack, April 08, 2012. Source: Globe Staff. http: articles.boston.com > http://articles.boston.com/2012-04-08/business/31308871_1_equilar-ceo-compensation-compensation-consultants/2

Specifically, I would welcome the economic conditions of Robert F. Friel, which I consider enough to live happily.

María

by María E. on April 13, 2012 at 12:45 am. Reply #

What happens to happiness when you take away money and are still above the threshhold for maximum hapiness? I don’t think thse people would be happy at all. Would they still be equally discontent after a year at this new level?

by Josh on April 13, 2012 at 8:20 am. Reply #

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