Does Money Buy Happiness?
July 7, 2023

Well-known research from 2010 had shown that people tend to feel happier the more money they make – until they reach about $75,000 a year. After that, money didn’t buy happiness. 

But according to a new study, your well-being rises with the amount of money you make, even beyond $75,000. Higher incomes are associated with both feeling better day-to-day and being more satisfied with life overall.

Money is just one factor that influences happiness – and it’s not even the most important one. Other research has shown that social relationships and connection are the most important contributors to happiness. 

Lastly, people who equate money with success are less happy than those who don’t, according to another study. When you have a job that gives you meaning or purpose, you tend to be happier, regardless of how much money you make. 

Writing this month’s post reminded me of two excellent books:

A picture of a lighthouse on the top of some tanned rocks in Nova Scotia. The caption describes how travelling makes Robin happy.
Travelling to see more of my beautiful country makes me happy. Pictured here is the iconic Peggy’s Cove, Nova Scotia, from my recent trip to the Maritimes!