Quote:
Originally Posted by Laurentius
I suspect that 75k is enough to meet the base of the pyramid of Maslow's Hierarchy of Needs.
That shouldn't be interpreted as money buying happiness. That same level of happiness could be provided by redefining needs in many cases so they can be more easily met. That is, the desire for an expensive car can be redefined as the desire for a reliable car once it is understood that trying to impress people you'll never know is wasteful.
Happiness = what you've got/what you want. So long as the basics are met, you can increase happiness by getting more ... or by wanting less.
I would theorize that in general, for those with incomes greater than 75k; the decline in happiness is not caused by greater income; but rather by their desires increasing faster than their income such that their desires always seem to be moving further away. This makes sense as those who are most highly motivated by material desires would be more likely to have incomes greater than 75k.
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I'm not suggesting money can buy happiness...and we all know folk that if they make 50 they spend 50; if they make 75 they spend 90 & if they make 500 they spend 600....etc...etc....
I do contend taking one base need, feeding your family, off the table sets you up for happiness. That is not to say their aren't a bunch of unhappy rich people out there...hell I'll suggest a bunch on this bored.
If you take say a hundred people making $20K and a hundred making $200K put them in a room and ask about happiness. More of the 200k group is will report :happiness"