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Can Money Really Buy Happiness?

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When it comes to money buying happiness, more is better. That’s according to new research from a senior fellow at the Wharton School who has argued that the correlation between wealth and well-being does not plateau once incomes reach a certain point.
Matthew Killingsworth, who studies the causes of human happiness, said both millionaires and billionaires are significantly happier than people earning more than $500,000 a year in an update to a study published last year that argued against the notion of a so-called “happiness plateau.”
“The results suggest that the positive association between money and well-being continues far up the economic ladder,” Killingsworth said.
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Matthew Killingsworth, who studies the causes of human happiness, said both millionaires and billionaires are significantly happier than people earning more than $500,000 a year in an update to a study published last year that argued against the notion of a so-called “happiness plateau.”
“The results suggest that the positive association between money and well-being continues far up the economic ladder,” Killingsworth said.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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