Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.
This week’s episode continues our series about the search for money and happiness. This time, we’re talking about how much money you really need to be happy.
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Our take
If you ever believed that money can’t buy happiness — think again. Research from Matthew Killingsworth and Daniel Kahneman published in the Proceedings of the National Academy of Sciences in March 2023 shows that levels of well-being — measuring both how people feel about their lives in the moment and reflecting on the bigger picture of their lives — rise in tandem with incomes. One exception: People who are generally unhappy. For these people, research from Kahneman published in the Proceedings of the National Academy of Sciences from 2010 found that their levels of happiness plateau at around $75,000, which would be a little over $100,000 today if you factor in…
This article was written by Sean Pyles and originally published on www.nerdwallet.com