#68 Daniel Kahneman: Putting Your Intuition on Ice
The Knowledge Project with Shane Parrish
Are You Happier When You Have More Money?
Having a lot of money doesn't make you happier, but being poor makes you miserable. Above a threshold of approximately seventy thousand dollars in the US, extra money doesn't make you emotionally happier but does increase life satisfaction. Money is a proxy for subjective success. Billionaires work to get more money as it indicates they're good at what they do. More money correlates with longer living, happiness, and satisfaction. Being effectively happy is good for overall well-being and leads to a better life.
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