New study suggests that actually, money can buy you happiness

Piles of dollar bills reflected in glass
(Image credit: Phil Ashley/ Getty Images)

Can money buy happiness? Two researchers posit that for most Americans, "the answer is, seemingly, yes," The Washington Post reports.

Prominent researchers Daniel Kahneman and Matthew Killingsworth posit that happiness steadily increases as incomes rises, and "even accelerates as pay rises beyond $100,000 a year — as long as the person enjoys a certain baseline level of happiness, to begin with," Bloomberg explains. This conclusion, shared in a joint study published in the Proceedings of the National Academy of Sciences, contradicts the previously held belief that "people are generally happier as they earn more, with their joy leveling out when their income hits $75,000," says the Post.

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