Despite what our intuition points out, the data indicates that, once a certain monthly income threshold is reached, additional increases in income tend to be associated with less satisfaction with life and a lower level of well-being.
More money, more pressure
The reasons underlying this contradiction are basically due to having moderately high incomes we can satisfy our material and emotional needs, which increases well-being.
However, if we have more money, a sort of surplus, then people can be driven by desires such as seeking more material gains and participating in social comparisons, which, finally, could reduce wellness.
It is what he points out Andrew T. Jebb, the lead author of this study from Purdue University and a PhD student in the Department of Psychological Sciences:
It has been debated at what point money no longer changes the level of well-being. We found that the ideal entry point is $ 95,000 (77,000 euros) for material well-being and 60,000 to 75,000 (48,500 to 60,000 euros) for emotional well-being. Again, this amount is per individual and is probably higher for families.
The data is per person and year, not family, so in a family that income should be higher.
The research is based on data from Gallup World Poll, which is a representative survey sample of more than 1.7 million people from 164 countries, which has also allowed us to discover that not only the income threshold changes depending on the person, but also on the country analyzed, since satiety It occurs at higher thresholds in the richest regions for life satisfaction:
This could be because evaluations tend to be more influenced by the standards with which people compare with other people.
In the end, then, we will have to redefine our popular culture: money gives happiness (yes, but only some portions and in certain doses) and rich people cry too (They may cry more than the upper-middle class).