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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Money buys happiness says Gallup Poll

Posted by RJ and Makay on Oct 04, 2010
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According to MagicNumberBlogImagea study focusing on 450,000 Americans and how they evaluate their happiness, a salary of $75,000 a year is the magic number—after which people's day-to-day happiness no longer improves.

The study, which was conducted by Princeton University economist Angus Deaton and famed psychologist Daniel Kahneman, analyzed Gallup surveys of 450,000 Americans in 2008 and 2009.