A Boring Dystopia

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Americans say they need to earn $186K to live comfortably — but is it enough? (www.thehill.com)

submitted 5 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] bjoern_tantau@swg-empire.de 75 points 5 months ago (2 children)

About ten years ago or so that number was 75k to live comfortably without any worries.

[–] FenrirIII@lemmy.world 13 points 4 months ago (1 children)

I was so excited when I got a big raise (10%), thinking it would change things. Then inflation happened and I'm back to watching my finances.

[–] ZombiFrancis@sh.itjust.works 2 points 4 months ago

I got a decent raise. Multiple required insurances I have immediately inflated.

[–] RememberTheApollo_@lemmy.world 8 points 4 months ago* (last edited 4 months ago)

I don't think that $75k was to live comfortably, I think the $75k was to feel happy about your income.

Ninja edit: found it:

...Daniel Kahneman, who in 2010 published an influential study with fellow Nobel Prize-winner Angus Deaton. The 2010 study found that money could only boost happiness up to a point — about $75,000 in annual earnings. Beyond that figure, the researchers concluded, money had little impact.

but...

Now, new research from a Nobel Prize-winning economist and fellow researchers provides a fresh answer. Money does appear to boost happiness — at least for most people — up to earnings of $500,000, according to the new paper published in this month in the Proceedings of the National Academy of Sciences journal.

https://www.cbsnews.com/news/money-happiness-study-daniel-kahneman-500000-versus-75000/