1780: [Part 2] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending & Living
Optimal Finance Daily - Financial Independence and Money Advice
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Introduction
The number at which happiness failed to rise with higher income was 75 thousand and 20 ten inflation has pushed that closer to a hundred thousand in the 20 twenties. It's been more than a decade since daniel camin and angus deaton published the article high income improves evaluation life, but not emotional well being. But we see diminishing returns with small incremental increases. Even with large steps up in income. We infer that beyond about 75 thousand dollars a year, there is no improvement whatever in any of the three measures of emotional wellBeing.
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