Work, Business & Money​​

This is how much money you need to be happy.

454
Drop file here to send
Expired
New study shows that people who are earning $200,000 are no happier than those earning $120,000. The study reveals that the amount differs depending on gender and from country of residence.

https://www.weforum.org/agenda/2018/03/how-much-money-do-people-need-to-be-happy
This discussion is set to be extendable. After it expires, the content will remain, but all guests will be removed. After that if any guests decide to join it, more days will be added to the discussion
jenna-schwartz
jenna-schwartz followed this discussion
Host
Psychologists that conducted the study found out that between two women, one making $200,000 and the other one making $120,000, the one making more is probably no happier than the one making $120,000.

This is because both women have incomes above $105,000 and according to their research, this is the point at which greater household income in the US is not associated with greater happiness. The technical term for this cutoff is the income “satiation point.”
5 mths
Host
Do you agree? Do you think people who's income is higher than the satiation point will not be happier with a salary bump?
5 mths
Host
People will have highest salary will be happy
5 mths
Host
I can actually relate to this article. When I was younger, no one can stop me from working my butt off. When I reach the managerial level, I started to slow down. Eventually, I did part time and spent more time with my family. What made me happy changed after reaching a certain income level.
5 mths
10 more people followed this discussion
Host
They say that greed has no limits so I don't agree with this article. I haven't been earning for a long time so I still want and need more. There's still too many things that I need to buy. Although honestly, that list of things to buy keeps on getting longer. Is it my greed or is it a necessity? I get confused.
5 mths
Host
I don't earn that much and I don't foresee earning that much in the near future so I don't know how that feels like. Money doesn't really make me happy but I really need it to survive. If I can live in a world where I can eat for free, I would probably be happier.
5 mths
Host
Let's be realistic here. We need money to make our lives comfortable. It'll be less worrying if I had enough money to pay off all my bills. I can also buy what I need and help out my family. So for me, the bigger money I get, the better.
5 mths
Host
I kinda agree because when you get more money, sometimes you get more problems so I do believe there is a magic number but not sure if those are the magic numbers.
5 mths
Host
I would need way more than those to be happy. It would make me happy if I had enough to live off the interest or passive income. I would be happy if I can live life not having to worry about work or money ever again.
5 mths
Host
Money problems have a ripple effect on your life. They can result in an overall sense of unhappiness, and they can create marital stress, making both spouses unhappy in the marriage. That stress can cause health issues and, even worse, it can negatively impact the lives of your children.
5 mths
Host
I can see why the study would think that but I think it depends on the person. There are some people who are driven by greed and no amount of money will ever be good enough.
5 mths
Host
agree
5 mths
aline-bellamy, jasper.black, Prince and 7 other people started following this discussion
Host
I don't agree with this. Being rich creates an overall sense of happiness, improves your marital relationships, eliminates stress associated with money problems which improves your overall health and enables parents to give their kids a superior education and lays the foundation for success in life.
5 mths
Host
I think I would rather be rich and unhappy than to be happy and poor. Let's admit it though, are there really people who would turn down more money!?
5 mths
Host
I think most parents would agree that when their kids are doing well in life, it makes them happy, and when they are struggling in life, it makes them unhappy.
5 mths