Can money make you happy? It’s complicated
- Past research has attributed happiness to relationships and health
Can money buy happiness? This question has long puzzled social scientists. Past research has attributed happiness to relationships and health. A popular yearly report claims to rank countries on “happiness". But can a qualitative trait like happiness really be quantified? A recent study tried to settle the matter. The study, published in the Proceedings of the National Academy of Sciences, brought together the authors of two previous contradictory studies to decide how income influences happiness. The first, by Daniel Kahneman and Angus Deaton (2010), found a rise in happiness with income—but only up to an income of around $75,000/year, after which happiness tended to plateau. The second, by Matthew Killingsworth (2021), dismissed the idea of a plateau, claiming a consistent rise in happiness with income.