Nobel Prize-winning psychologist Daniel Kahneman and his colleagues have found that, on average, larger incomes are associated with ever-increasing levels of happiness.
The Study published on March 1 in the Proceedings of the National Academy of Sciences, says that as long as individuals have a certain level of baseline happiness, their contentment steadily increases with their income and even accelerates once their pay exceeds $100,000 per year. The study, which analyzed 33,391 individuals living in the US, found that this effect persists for salaries up to $500,000, but conclusive data is not available beyond that level.
The results contradict a famous 2010 paper by psychologist Daniel Kahneman and economist Angus Deaton, which reported that happiness goes up with income until the relationship starts to “flatten” at between $60,000 and $90,000 a year.
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