There was a 2010 study showing that money was correlated with happiness up to about $75k, then plateaued. The expectation was that once you could afford your needs and didn’t have to worry about the basics, the rest of happiness would come from the life you built.
Then a few years ago, all the headlines were screaming that it was debunked and money did in fact buy happiness. However, in true news media form, they screeched about the wrong thing - there was still a plateau, but it occurred past 100k. This isn’t really surprising - the cost of living certainly rose in the 13 years between the two studies. Inflation went nuts in the COVID era, and we definitely never deflated back.
But it does suggest how truly miserable some billionaires must be inside when they can’t find happiness with 10,000x more money than the average person’s threshold to find their joy.
There was a 2010 study showing that money was correlated with happiness up to about $75k, then plateaued. The expectation was that once you could afford your needs and didn’t have to worry about the basics, the rest of happiness would come from the life you built.
Then a few years ago, all the headlines were screaming that it was debunked and money did in fact buy happiness. However, in true news media form, they screeched about the wrong thing - there was still a plateau, but it occurred past 100k. This isn’t really surprising - the cost of living certainly rose in the 13 years between the two studies. Inflation went nuts in the COVID era, and we definitely never deflated back.
But it does suggest how truly miserable some billionaires must be inside when they can’t find happiness with 10,000x more money than the average person’s threshold to find their joy.