Inflation seems to be affecting everything these days, even happiness.
According to a recent study, the price of happiness has gone up significantly, leaving many people struggling to afford it.
A daily survey of 1,000 U.S. residents, conducted by the Gallup Organization from 2008 to 2009, shows that people need to earn at least $100,000 a year to be truly happy in today’s inflationary world. This is a significant increase from the $75,000 figure that was previously believed to be the threshold for happiness.
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Economists Daniel Kahneman and Angus Deaton, after analyzing the data from the Gallup-Healthways Well-Being Index, found that people who earned more than $100,000 were generally happier than those who earned less.
The study didn’t just focus on income, though. Factors such as work-life balance, good relationships with family and friends, and engaging in meaningful activities were also crucial for happiness.
The research involved a large number of respondents, with over 450,000 responses analyzed. The researchers engaged in an adversarial collaboration, with the goal of reconciling seemingly contradictory results from different studies on emotional well-being and income.
While the findings may be discouraging for some, the study also provides hope. It suggests that happiness is still within reach, even if you don’t earn a six-figure salary.
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Image by Oleksandr Pidvalnyi from Pixabay
Image and article originally from www.benzinga.com. Read the original article here.