PRINCETON - A new study by researchers at Princeton University took a look at income and emotional well-being.
The university polled 450,000 people and found the amount of improvement of emotional well-being stops being affected by money at around $75,000.
The study says that things seem to get worse if someone’s income is below $75,000 because there is less disposable income. Marital and health problems may seem worse when there is less money to go around.
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However, the study also found that having more than the $75,000 amount may not improve a person’s well-being because they have to work longer and harder to get it. This could mean less time for family or leisure.
The study concludes that having a high income can buy satisfaction in life, but not necessarily happiness.
The full study can be read on Princeton University’s website.