Some scholars say that money matters only up to a certain threshold, but extreme wealth does not bring happiness. Others believe that more money makes a person happier.
In the new study, the authors analyzed data from previous studies. The analysis showed that for most people there was indeed a linear relationship between the amount of money and life satisfaction. But for about 20%, money is not such an important part of life. Happiness levels rise to a certain threshold – an annual income of 60 to 90 thousand dollars. Then money stops affecting him.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
