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by natenthe 1971 days ago
Duh.

Whoever authored the original 75k year study had a bias and/or agenda against our current economic system.

We didn't need a study to show that even above a 75k salary, more income is correlated with more well-being.

This is a prime example of why scientific research should be used as a tool to advance society, not as a religion.

4 comments

This new paper actually makes conclusions that are the opposite of what the data shows:

* https://twitter.com/jonaslindeloev/status/135383426475696537...

* https://lindeloev.net/new-pnas-paper-income-is-a-poor-way-to...

Why don’t we need a study? What is obvious? (Seriously)
For someone to not understand this without a study, I think they would need to be oblivious to the state of the economy, the cost of living in the average metropolitan area where the average American lives, and social dynamics / cultural issues in America.

Also, if you've experienced significantly different levels of salary then this is obvious.

"Money doesn't buy happiness" is also considered obvious common sense. The study is looking for the phase boundary where one obvious statement ceases to apply and the other takes over.
I think you've missed the point of science somewhere.
Sometimes common sense lets us take shortcuts without having to wait for or spend on the science.
Apparently you're not aware of a previous study that showed that income above $75k/yr did NOT increase well being.
That study was funded by the international employers society.
Except they didn’t. Their findings got morphed away from the actual study over time.

Here’s the original graph from the study.

https://www.pnas.org/content/pnas/107/38/16489/F1.large.jpg

It would be helpful if you actually posted the study, not a quantitative graph without context of the data contained within. It is misleading.

The study: https://www.pnas.org/content/107/38/16489

"Emotional well-being also rises with log income, but there is no further progress beyond an annual income of ~$75,000"

"We conclude that high income buys life satisfaction but not happiness, and that low income is associated both with low life evaluation and low emotional well-being."

The study states that emotional well-being does not rise with income over 75k. The study also concludes that high income is not correlated to happiness.

These conclusions are clearly erroneous.