You’ve probably heard the scene before…
The young intern asks the big time Wall Street CEO,
“So, what’s your number? The amount you’d need to leave it all?”
The CEO gives a short pause, as if to build anticipation, and then responds with a slight smirk,
The catch is that additional income doesn’t buy us any additional happiness on a typical day once we reach that comfortable standard. The magic number that defines this “comfortable standard” varies across individuals and countries, but in the United States, it seems to fall somewhere around $75,000.
Using Gallup data collected from almost half a million Americans, researchers at Princeton found that higher household incomes were associated with better moods on a daily basis – but the beneficial effects of money tapered off entirely after the $75,000 mark.”