Well well well, seems as though you can buy happiness but it does come with a cost.
More than 10 years ago, researchers suggested that money can buy happiness and that it costs about $75,000 a year.
A complex study by Nobel prize-winning economists revealed that money increased happiness, but that it tended to peak around $75,000.
Any less and sadness increased, but earning more didn’t add to a sense of wellbeing.
The clear appeal of the theory is that money can buy happiness in the sense that it can offer basic needs and stability, but not much more than that, which means that multi-billionaires, such as Elon Musk and Jeff Bezos, are definitely a lot richer but not necessarily a whole lot happier than the rest of us.
The only problem with this idea is that we'd all obviously be much happier if we had millions of dollars...
A new study published in Proceedings of the National Academy of Sciences says that the $75,000 figure is a load of crap and that happiness can continue to increase past that threshold.
Well, there you have it!
Earning more money can buy you happiness even over $75,000.
Time to ask for that pay rise?