Guess what ... money can buy happiness! Who knew? Medical Express reports research from the Wharton School (fun factoid: it’s Trump’s alma mater) at University of Pennsylvania that finds, contrary to earlier research, more money is better, regardless of the amounts earned. Researcher Matthew Killingsworth says:
It's a compelling possibility, the idea that money stops mattering above that point, at least for how people actually feel moment to moment. But when I looked across a wide range of income levels, I found that all forms of well-being continued to rise with income. I don't see any sort of kink in the curve, an inflection point where money stops mattering.
We would expect two people earning $25,000 and $50,000, respectively, to have the same difference in well-being as two people earning $100,000 and $200,000, respectively. In other words, proportional differences in income matter the same to everyone.
When you have more money, you have more choices about how to live your life. (snip) Across decisions big and small, having more money gives a person more choices and a greater sense of autonomy.
That’s been my experience too.
