Higher income doesn't lead to emotional well-being

In June, the Dalai Lama Center welcomed Elizabeth Dunn, Bill Harbaugh and John Helliwell to give a special talk on "Money, Generosity and Happiness". The consensus of these researchers was that it's the money that goes out that leads to happiness rather than the money that comes in, while many of us falsely assume the opposite. (Learn more about this event)

Today, Physorg.com shared a study by two Princeton University professors that reports similar findings. In a study of 1,000 U.S. residents, they found that while increased income leads to more positive life evaluations, it does little to improve emotional well-being after reaching a threshold of $75,000.

"Beyond $75,000 in the contemporary United States...higher income is neither the road to experienced happiness nor the road to the relief of unhappiness or stress, although higher income continues to improve individuals’ life evaluation," the authors say in the study.

Read more about the Princeton study at Physorg.com.