Money can buy happiness, but only to a point - CNBC

Having listened to every Econtalk podcast, I feel like I know Russ Roberts as well as my good friends, although I’ve never met him. I would say Russ is a very happy guy and, I think we can all agree that Russ is very smart and has great judgment. And, for those of us who have gotten to know him through his podcasts, we all know that he has a great marriage and family, is devout to his religion, is not poor, and does this spectacular weekly service that we all get to enjoy.
There was some discussion by Russ and Betsey justifying their decisions to take a lower paying job. This is just another example of using good judgment to achieve happiness. We can all think of people who pursue money while sacrificing family relationships and, as a consequence, are miserable. Also, think of the lottery winners who are presented with lots of money and report that their quality of life goes down substantially (Google Sharon Tirabassi).

They say money can't buy happiness

Money really DOES buy happiness: ‘Ideal annual income’ for life satisfaction is £68,000 (…

Can Money Buy Happiness - The Guardian

Right. Now that Princeton researchers have untangled that life mystery, maybe someone at MIT can look into the optimal amount of money required to buy us love.

Can Money Buy Happiness? - Forbes

, conducted in 2010, concluded that money does make us happier – but only up to a certain point. The findings, by psychologist Daniel Kahneman and economist Angus Deaton, both from Princeton University, showed that self-reported levels of wellbeing increased with salary up to $75,000 (roughly £50,000) a year. But after that, increasing amounts of money had no further effect on happiness.

Money really can buy happiness, scientists claim - but only up to a point. Researcher…

Does Money Buy You Happiness? – Simple Living In …

People say money doesn't buy happiness. Except, according to a new study from Princeton University's Woodrow Wilson School, it sort of does — up to about $75,000 a year. The lower a person's annual income falls below that benchmark, the unhappier he or she feels. But no matter how much more than $75,000 people make, they don't report any greater degree of happiness.

How to Make Money Buy Happiness - Mr. Money …

Study: Money Buys Happiness When Income Is $75,000 …

For example, being generous makes us happy. Michael Norton, of Harvard Business School, talks about “pro-social spending” – in other words, spending money on others – and how it is linked to wellbeing. In with fellow researchers Elizabeth Dunn and Lara Aknin, he gave 46 participants either $5 or $20 and told some to spend it on themselves and others to give it away. He also recorded their self-reported happiness levels before and after the task. Those who had given their windfall away showed a greater increase in wellbeing than those who had spent the money on themselves.

money can indeed buy happiness - WebMD

Some would argue that the effect of money, whatever it is, can only ever be minimal because individual happiness is based on completely different criteria. , author of The How of Happiness, about 50% is down to our baseline happiness level, which is something we’re born with. In other words, some people are just naturally happier than others. By contrast, life circumstances – which would include income levels – account for just 10% of our total reported happiness.

Can money buy happiness - SlideShare

This would strike a chord with actor Bo Derek, who once claimed: “Whoever said money can’t buy happiness simply didn’t know where to go shopping.”