Lesson #180

Does having more money lead to more happiness? It’s complicated

Research has shown that having more money equals more happiness, but with some major exceptions. First, more money means more happiness with incomes up to about $50,000 to $75,000 per year in the United States. Beyond that, the "happiness effect" of more money is much less. Among the super-rich, you can be happier by giving your money away or by earning it yourself (instead of inheriting it). Plus, learn what it means to be "better off."