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Study Finds The Optimum Salary You Need For The Biggest Happiness

Study Finds The Optimum Salary You Need For The Biggest Happiness

Most of us like to believe that money doesn’t buy happiness. While cold, hard cash may be a necessity of life, we don’t like to think that it can actually influence our emotions and feelings – but a recent study from Princeton University Woodrow Wilson School has found it does.

So how much does happiness cost? The golden number is $75,000 a year; the lower a person’s income fell below $75,000 the unhappier they felt, and people earning more than $75,000 didn’t report a greater level of happiness.

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Two Types Of Happiness

For the study the researchers used the two main types of happiness as a measure of overall happiness. The first type of happiness is your day-to-day mood, which can move from happy to stressed to sad within a matter of days (or hours).

The second type of happiness is a deeper happiness that is linked to how happy you are with your life in general. The researchers found that while people who earn more than $75,000 tended to be happier with how their life was going, it didn’t actually increase their day-to-day happiness at all.

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For the study, the researchers analyzed polls that asked 450,000 American participants how they felt the day before and if they were living the best life for them personally. Their income was also noted. The results found that 85% of participants felt happy every day, regardless of how much they earned. Most also said that they were happy with how their life was going. Around 24% of participants reported feelings of sadness, and 40% reported feeling stressed.

Why You Need To Earn $75,000 To Boost Your Happiness

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    But why is $75,000 the golden number? Researchers found that while a low income doesn’t cause sadness, it does worsen problems and make people feel more stressed. For example, the study found that 51% of divorced people who earn under $1,000 felt stressed the day beforehand, but only 24% of divorcees earning over $3,000 reported the same feelings. This shows that a lack of money can cause stress and anxiety, reducing a person’s overall happiness with their life.

    However the effect stops at around $75,000; people who earn more than $75,000 are more emotionally influenced by day-to-day issues, and their emotions are rarely affected by their earnings.

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    Despite this it is important to remember that while money can help you to boost your happiness, there are still lots of other things that can give you the same effect. You can boost your happiness by spending time with loved ones, working on projects that are meaningful to you and even by exercising! There are lots of ways to find happiness, and money is only one of them.

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    Amy Johnson

    Freelance writer, editor and social media manager.

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    Last Updated on September 20, 2018

    7 Powerful Questions To Find Out What You Want To Do With Your Life

    7 Powerful Questions To Find Out What You Want To Do With Your Life

    What do I want to do with my life? It’s a question all of us think about at one point or another.

    For some, the answer comes easily. For others, it takes a lifetime to figure out.

    It’s easy to just go through the motions and continue to do what’s comfortable and familiar. But for those of you who seek fulfillment, who want to do more, these questions will help you paint a clearer picture of what you want to do with your life.

    1. What are the things I’m most passionate about?

    The first step to living a more fulfilling life is to think about the things that you’re passionate about.

    What do you love? What fulfills you? What “work” do you do that doesn’t feel like work? Maybe you enjoy writing, maybe you love working with animals or maybe you have a knack for photography.

    The point is, figure out what you love doing, then do more of it.

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    2. What are my greatest accomplishments in life so far?

    Think about your past experiences and the things in your life you’re most proud of.

    How did those accomplishments make you feel? Pretty darn good, right? So why not try and emulate those experiences and feelings?

    If you ran a marathon once and loved the feeling you had afterwards, start training for another one. If your child grew up to be a star athlete or musician because of your teachings, then be a coach or mentor for other kids.

    Continue to do the things that have been most fulfilling for you.

    3. If my life had absolutely no limits, what would I choose to have and what would I choose to do?

    Here’s a cool exercise: Think about what you would do if you had no limits.

    If you had all the money and time in the world, where would you go? What would you do? Who would you spend time with?

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    These answers can help you figure out what you want to do with your life. It doesn’t mean you need millions of dollars to be happy though.

    What it does mean is answering these questions will help you set goals to reach certain milestones and create a path toward happiness and fulfillment. Which leads to our next question …

    4. What are my goals in life?

    Goals are a necessary component to set you up for a happy future. So answer these questions:

    Once you figure out the answers to each of these, you’ll have a much better idea of what you should do with your life.

    5. Whom do I admire most in the world?

    Following the path of successful people can set you up for success.

    Think about the people you respect and admire most. What are their best qualities? Why do you respect them? What can you learn from them?

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    You’re the average of the 5 people you spend the most time with.[1] So don’t waste your time with people who hold you back from achieving your dreams.

    Spend more time with happy, successful, optimistic people and you’ll become one of them.

    6. What do I not like to do?

    An important part of figuring out what you want to do with your life is honestly assessing what you don’t want to do.

    What are the things you despise? What bugs you the most about your current job?

    Maybe you hate meetings even though you sit through 6 hours of them every day. If that’s the case, find a job where you can work more independently.

    The point is, if you want something to change in your life, you need to take action. Which leads to our final question …

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    7. How hard am I willing to work to get what I want?

    Great accomplishments never come easy. If you want to do great things with your life, you’re going to have to make a great effort. That will probably mean putting in more hours the average person, getting outside your comfort zone and learning as much as you can to achieve as much as you can.

    But here’s the cool part: it’s often the journey that is the most fulfilling part. It’s during these seemingly small, insignificant moments that you’ll often find that “aha” moments that helps you answer the question,

    “What do I want to do with my life?”

    So take the first step toward improving your life. You won’t regret it.

    Featured photo credit: Andrew Ly via unsplash.com

    Reference

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