Money Helps Until Tradeoffs Take Over

Jan-Emmanuel De Neve explains income’s diminishing returns, showing that after basic needs, more money often costs time, health, and relationships.

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We’ve been taught that success at work is what leads to happiness, but in reality, it’s how work actually feels that shapes the rest of our lives.

Jay sits down with Jan-Emmanuel De Neve, Professor of Economics and Behavioural Science at the University of Oxford and Director of the Wellbeing Research Centre, and almost immediately, they land on something most of us feel but rarely say out loud: work takes up the majority of our lives, yet very few of us actually feel good while doing it. Jan shares a striking reality - less than a quarter of people report high levels of wellbeing at work. More importantly, how you feel at work doesn’t stay there, it follows you home. It shapes how you speak to your partner, how you show up for your kids, even how you engage with the world around you. This conversation isn’t just about jobs or careers, it’s about the emotional tone of our lives, and ultimately, our society.

Together, they explore why so many people, especially younger generations, are struggling right now. While it’s easy to point to social media, Jan challenges that idea and points to something deeper: rising costs, uncertainty about the future, and a growing sense that the path forward isn’t as clear as it once was. There’s a quiet anxiety about whether hard work still pays off. In a world full of answers, the real skill now is asking better questions. It’s a subtle yet powerful shift, from chasing certainty to embracing curiosity. Jay and Jan unpack the relationship between money and happiness, revealing a truth that feels both grounding and surprising: beyond a certain point, more money doesn’t lead to more fulfillment. What we begin to crave instead is connection, meaning, and time, the very things we often sacrifice in the pursuit of success.

In this episode you'll learn:

How to Improve Your Wellbeing at Work Without Changing Jobs

How to Find Meaning in Work That Feels Repetitive

How to Build Stronger Connections in a Lonely Workplace

How to Balance Ambition and Wellbeing Without Burning Out

How to Redefine Success Beyond Money and Status

How to Ask Better Questions in an Uncertain Future

How to Create a Workplace Culture People Actually Enjoy

How to Stay Happy Even as Responsibilities Grow

How to Make Work Feel More Human and Less Transactional

How to Protect Your Energy While Still Performing at Your Best

When you begin to prioritize those things, even in small ways, you’ll notice something powerful: your energy changes, your perspective shifts, and your life starts to feel more aligned.

Why does workplace wellbeing matter? Find out the answer here: http://whyworkplacewellbeingmatters.com/

The World Happiness Report is the world’s foremost publication on global wellbeing and how to improve it. To learn more, visit https://www.worldhappiness.report/

Learn more about interdisciplinary research on wellbeing at the University of Oxford by visiting https://wellbeing.hmc.ox.ac.uk/

With Love and Gratitude,

Jay Shetty

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What We Discuss:

00:00 Intro

01:33 What Actually Makes Us Happy?

03:11 Why Young People Are Struggling

05:40 The Rising Cost of Education

08:09 Skills That Matter More Now

11:11 How Much Money Is Enough?

18:46 Why Are Youth People Less Happy?

21:14 The Hidden Cost of Loneliness

29:42 Why Feeling Good at Work Changes Everything

33:15 What Great Leaders Do Differently