Closing Bell

Study Shows Money CAN Buy Happiness

And can money really buy happiness. Well, according to a new study, it can doesn't plateau at a certain income level. Either two prominent researchers coming together to find out once and for all, if money can buy happiness, and they found that for most people in the us, emotional well being increases as incomes rise. Well, these results contrast the filings from a famous 2010 paper which stated that happiness trends upward with income but only up until about 75,000 and annual earnings. The study's authors, no financial stability is just one of many determinants of happiness, not the secret to a happy life, but certainly can't help. And I think, you know, the difference, obviously between 2023 and 2010 is that we are an extreme inflationary times. Um and of course, they've been in a pandemic for three years. So I don't know that's not necessarily an apples to apples comparison but something interesting to look at.