Also more equal societies tend to be happier and healthier. Reducing overall wealth and income inequality is a net gain for everyone.
Comment on I'm not asking to be rich.
TheSanSabaSongbird@lemdro.id 1 year ago
This has been studied pretty extensively and it turns out that money definitely does buy happiness, but only to a certain point after which you get diminishing returns and eventually no increase in happiness.
It’s been awhile since I’ve looked at the literature, but if memory serves, most people max out on happiness with an upper middle-class income, so probably 3-4 hundred thousand/year for a couple in the US. After that you don’t get any increase in happiness and are actually better off giving any extra money to charities and/or sharing with friends and family.
Not_Alec_Baldwin@lemmy.world 1 year ago
NewAgeOldPerson@lemmy.world 1 year ago
Looks like this one says it’s closer to 500k: cbsnews.com/…/money-happiness-study-daniel-kahnem…
In the past, I’ve been misled by one saying 75k mentioned here.
TheSanSabaSongbird@lemdro.id 1 year ago
That’s totally believable. I don’t claim any expertise in this matter and would never claim to be anything even remotely like an economist.
Franzia@lemmy.blahaj.zone 1 year ago
Daniel Kahneman is useful to neoliberals. 75k would allow me to live very comfortably. 500k I would want for literally nothing ever again.