Does money make us happier? Here's what the research says

Money only makes you happier if you live below the poverty line and you can’t put food on your table and then you can afford to. Whether getting superrich actually affects different aspects of your well-being? There’s a lot of evidence it doesn’t affect your positive emotion too much.

There was a recent paper by Matt Killingsworth where he was trying to make the claim that happiness continues as you get to higher incomes. And yeah, he’s right, but if you plot it, it’s like if you change your income from $100,000 to $600,000 your happiness goes up from, like, a 64 out of 100 to a 65. For the amount of work you have to put in to sextuple your income, you could instead just write in a gratitude journal, you could sleep an extra hour.

Yale cognitive scientist Laurie Santos, quoted in the New York Times