FIRE Station Fun – Love Of Money

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Many people are familiar with the 2010 Princeton study that reported that there is a diminishing return to the impact of money on one’s happiness that tops out at about $75K a year.  People were surprised that the threshold was very in line with the average household income in the USA at $73K.  It is often cited as evidence that money doesn’t buy happiness.  I wrote an article about it almost two years ago.

I recently came across this article on Time/Money’s website which looked at the study in more detail.  The work won Scottish-American economist, Angus Deacon, a Nobel Prize and they present more findings of the study – including differences between ‘happiness’ and ‘life satisfaction’.  As is usually the case, there is more here than typically meets the eye.

Image Credit: Pixabay

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