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Money can buy some happiness

Does money buy happiness? It all depends on how you define “happy,” says USA Today. Princeton economists analyzed the results of a Gallup poll that surveyed 450,000 Americans about their happiness, as measured in two different ways: their emotional well-being, as reflected in how much laughter, joy, and relaxation they experience in their day-to-day lives; and their overall life satisfaction, as reflected in how they feel about their jobs, their homes, their families, and their statuses. Not surprisingly, poverty or money woes interfere with contentment; both types of happiness rise with income, the economists found. But emotional well-being peaks at an annual income of about $75,000—the point at which most people feel they have enough money to purchase their basic needs. As incomes rose beyond that point, people did report a higher level of overall life satisfaction, probably because they felt more successful. But going from a job that pays $75,000 to, say, $200,000 also brings what the researchers termed “negative effects’’—more responsibility, more pressure to perform, and more stress. In that larger sense, the study found, money does not buy happiness; it can, in fact, buy more worry, anxiety, and aggravation.

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