Source link : https://las-vegas-news.com/the-truth-about-wealth-and-well-being/
We love to believe money doesn’t matter. It’s a comforting idea, isn’t it? The thought that the billionaire and the baker wake up equally happy, that the numbers in your bank account have nothing to do with how you feel when you put your head on the pillow at night. Honestly, the reality is messier, more surprising, and far more interesting than that old cliché suggests.
Research from the past few years has been quietly dismantling the neat story we told ourselves, replacing it with something more layered and, in some ways, more unsettling. Let’s dive in.
The Old “$75,000 Rule” Is Dead
For over a decade, a single study ruled the conversation. A famous 2010 study by Nobel Prize winners Daniel Kahneman and Angus Deaton found that higher household income correlates with greater emotional well-being, but only up to around $75,000 a year. After that, more money didn’t seem to matter. That felt reassuring. It was clean, quotable, and widely accepted.
Then came the challenge. In 2021, psychologist Matt Killingsworth found nearly the opposite: that more money does correlate with more happiness, and that the relationship continues well beyond $75,000 per year. Two major scientists, two very different conclusions. So who was right?
To reconcile the differences, Kahneman and Killingsworth paired up in what is known as an adversarial collaboration. In a new paper, the trio showed that on average, larger…
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Author : Matthias Binder
Publish date : 2026-03-02 07:13:00
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