Money, Happiness, and Life Satisfaction

Having a lot of money doesn't make you happier in terms of emotional tone, but being poor makes you miserable. Beyond a threshold of approximately seventy thousand dollars in the US, extra money doesn't make you emotionally happier, but it does impact life satisfaction. Money is seen as a proxy for subjective success, and having more of it signifies competence. Research suggests that being effectively happy and having high life satisfaction positively correlate with living longer and living better.