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What is Income about?

This document summarizes a study that analyzed responses from over 450,000 Americans to examine the relationship between income and two aspects of subjective well-being: emotional well-being and life evaluation. It finds that while higher income is strongly associated with higher life evaluation, emotional well-being does not improve substantially beyond an annual income of around $75,000. Low income is linked to both lower life evaluation and lower emotional well-being. The study suggests that money can bu

Author

Abhijeet Nagpal

Language

EN