When it comes to money, most people think the more the merrier. Yet research shows that beyond a certain salary, your life satisfaction and well-being no longer increase with your income. In fact, a 2018 study from a team at Purdue University found that once you reach a certain financial threshold, “further increases in income tended to be associated with reduced life satisfaction and a lower level of well-being.” Once you’re comfortable—meaning free of major financial worry, with a bit of cash in hand for the little luxuries—you can rest easy knowing you’ve probably gotten the most happiness money can buy. But what dollar amount achieves that goal?
According to
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