"We infer that beyond about $75,000/y, there is no improvement whatever in any of the three measures of emotional well-being." Two social scientists at Princeton,
Angus Deaton and Nobelist
Daniel Kahneman, have a new paper in PNAS about money and the determinants of happiness. Increased income above $75,000 is not associated with higher subjective happiness, though it is associated with superior scores on measures of overall life satisfaction. Other tidbits: "Religion has a substantial influence on improving positive affect and reducing reports of stress, but no effect on reducing sadness or worry... The presence of children at home is associated with significant increases in stress, sadness, and worry."
posted by escabeche
on Sep 8, 2010 -
49 comments
Scraping By on $150K a Year
My heart bleeds for people who earn a six figure income but are still dirt poor. In a
skewed distribution model with the median income ($43,000 in 2002) being in Salina, Kansas and moving a mile east or west for each $1000 above or below that median, the Bush's would be four states away in Columbus, Ohio and the average CEO would be in....Kabul, Afghanistan. The top 400 incomes would be three quarters of the way to the moon. From a 2003
article at Alternet so they're probably beyond the moon now and on their way to Mars. From 1979 to 1997, the average annual income of the top 1% (after taxes) increased by 157% (or $414,000) while the poorest 20% went down by $100.
posted by fenriq
on Dec 16, 2006 -
68 comments
