Only up to a certain point, no? I remember it was something around 100k USD, maybe 10ish years ago.
This is pretty intuitive. Its nice not to have to worry about money, but what is the difference between having 1M NW and 100M? If you're a mentally normal person, it just more mental burden.
It's worth noting that while the curve flattens above a threshold, it doesn't level off completely at that threshold, there is still a positive correlation, just a smaller one.
And when is that exactly? It definitely isn't making (unadjusted for inflation) the $70k that study suggests.
People are happy when they are secure and unhappy when they are insecure. Who can you name is secure in all of their physical, social, mental, spiritual, etc needs right now?
This is pretty intuitive. Its nice not to have to worry about money, but what is the difference between having 1M NW and 100M? If you're a mentally normal person, it just more mental burden.