What is the connection between wealth and happiness? Previous research has found that while money can purchase happiness, it reaches a nadir at around $75,000 per year. New research, on the other hand, suggests differently.
A recent study demonstrated that happiness improves linearly with reported income (logarithmic) and continues to rise beyond the $80,000/year barrier, based on over a million real-time reports from a large U.S. sample group. We'll go through the research methods in more detail below, as well as a few plausible reasons why higher wages may increase people's happiness levels. See the below infographic for you to better understand Money and happiness.
infographic source: https://www.visualcapitalist.com
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