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What is Income about?

1) People overestimate how unhappy low-income individuals are and underestimate their actual life satisfaction. 2) While predictions about happiness were reasonably accurate for high incomes over $90,000, people vastly underestimated the happiness of those earning $55,000 or less. 3) People believe money has a more dramatic impact on happiness than research shows, and that large increases in income correlate to much greater increases in happiness than actual data demonstrates.

Author

Magda Rossato

Language

EN