If You Could 'Buy' Happiness, How Much Would It Cost? Over Rs 54 Lakh a Year

Can money buy you happiness? The new study, called ‘Experienced well-being rises with income, even above $75,000 per year’ and published in Proceedings of the National Academy of Sciences found that “was no evidence for an experienced well-being plateau above $75,000/y, contrary to some influential past research. There was also no evidence of an income threshold at which experienced and evaluative well-being diverged, suggesting that higher incomes are associated with both feeling better day-to-day and being more satisfied with life overall.” The new study is the work of Matt Killingsworth, a senior fellow at Wharton School for Business at the University of Pennsylvania. “And then I ask them some questions about their experience, just before that moment, how they feel, what they’re doing, and a variety of other things.” His results in the study concluded that, “Larger incomes were robustly associated with both greater experienced well-being and greater evaluative well-being. Moreover, the shape of the relationship between log and experienced well-being was strikingly linear: There was no observed plateau in experienced well-being, and there was no obvious change in slope of experienced well-being.” While the new study doesn’t put an exact number – it does pose the age-old question, are millionaires like the current richest man on the planet, Elon Musk happier than the rest of us?