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More Money Won’t Save You
Here is some new work in Wall Street Journal:
In essence, those making $65,000/year want to make $95,000 — pretty hefty jump, all things considered — and those making $250,000 want to make $350,000. Probably because of “real” inflation, I.e. the grocery store, most people are feeling like money isn’t going as far. That’s a bad look for those running for office in 2024, but also a logical place for many of us to land.
That all said, there is now two decades-plus of research on the overlap between “money” and “happiness,” and the research is shoddy at best, and restrictive at worst, since inputs to happiness are so multi-variate. Plus: the methodology on happiness studies isn’t always great.