A new study recently released by Princeton says that being poor sucks! The study done by Princeton economist Angus Deaton surveyed 450,000 Americans on their day to day happiness and overall life satisfaction. The study found that happiness increase with income up to about $75,000, then it begins to level off. The study went on to say that if your not making $75,000 a year, bills are coming at you so fast that it affects your happiness.
“Giving people more income beyond 75K is not going to do much for their daily mood … but it is going to make them feel they have a better life,” Deaton said in an interview.
Not surprisingly, someone who moves from a $100,000-a-year job to one paying $200,000 realizes an improved sense of success. That doesn’t necessarily mean they are happier day to day, Deaton said.
The results were similar for other measures, Deaton said. For example, people were really happier on weekends, but their deeper sense of well-being didn’t change.”