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Response to Tansy_Gold (Original post)

Mon Aug 13, 2012, 08:18 AM

25. Does Happiness Cost $75,000 a Year?

HAPPINESS IS PRICELSS--IF THEY MEAN ECONOMIC SECURITY---WELL, $75K DID THAT 20 YEARS AGO, BUT I DOUBT IT'S ENOUGH NOW FOR COVERING HEALTHCARE, COLLEGE AND RETIREMENT SAVINGS.

http://www.alternet.org/does-happiness-cost-75000-year?akid=9204.227380.pInI2C&rd=1&src=newsletter691986&t=9

..the Woodrow Wilson School at Princeton University has concluded that they’ve calculated the cost of daily happiness—and it’s $75,000 a year.

According to the study, if you’re below this level of annual income, which the majority of Americans are, you’re more likely to feel unhappy on a daily basis. Meanwhile, if you’re in the minority earning above that bracket, you’ve hit the threshold for diminishing marginal returns on daily happiness...

The researchers didn’t specify if the sweet spot of happiness cost $75,000 before or after taxes, although it’s a safe bet to assume that everyone’shappiness levels drops around tax time, regardless of annual income.

The study, published by economist Angus Deaton and psychologist DanielKahneman, who has won a Noble Prize in Economics, did parse types of happiness, separating the emotion into two categories: “enjoyment of life” and “life satisfaction.” While discerning the difference might feel like the corner clue on a Sunday New York Times crossword puzzle, it’s actually quite simple. The former measures things like how often you smile and laugh and how happy you felt yesterday. The latter is supposed to be a more profound measure of your life overall, but it’s actually more like rating yourself on HotOrNot.com—except you’re not measuring your physical appearance but your total life domination. For the former measurement, daily happiness increases until $75,000 when it plateaus, suggesting that it costs, on average, about this amount to live free of financial stress in the United States...

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