Researchers May Have Pinpointed the Exact Amount of Money You Need to Be Happy

iStock
iStock

Humanity has been debating the truthfulness in that old adage "money can't buy happiness" for centuries, but it seems we still don't have a concrete answer. Some research has found that it does, but only up to $75,000 a year (circa 2010). Other studies have found that it does, as long as you're using it to buy yourself time, by paying for things like housekeeping services, or to purchase consumer goods that you think fit your personality. Now, psychologists from Purdue University are wading into the debate with a new study on money and life satisfaction, finding that people are most satisfied when pulling in a salary of $95,000 a year (per person, that is, not per family).

The study, published earlier this year in Nature Human Behavior, analyzed data from the Gallup World Poll, which includes a representative sample of participants from 164 countries. They were looking to define a point of "income satiation," the point at which more money doesn't make you any happier. It examined responses that had to do with subjective well-being regarding "life evaluation" (as in, where do you sit on a scale of the worst life possible to the best life possible?) and emotional well-being (how did you feel yesterday?).

The researchers found that the ceiling at which more money doesn't provide any more life satisfaction was $95,000, on average. After that, in fact, subjective well-being started to fall as income went up. (Just as Biggie warned us.) Emotional satisfaction, on the other hand, came slightly cheaper—positive emotions were correlated with more money up to $60,000, and negative emotions decreased as salary increased, up until $75,000.

Obviously, though, location matters. A salary of $95,000 can buy you a different life in Thailand than in Sweden. In Western Europe and Scandinavia, the ceiling at which more money begets more problems is $100,000, while in North America, it's $105,000. Australia and New Zealand had the largest average ceiling, at $125,000, while Latin America and the Caribbean had the lowest, at $40,000.

It also varied across education levels, possibly because of different income aspirations and social comparisons that come up when people have, for instance, a law degree versus an associate's degree.

All that said, some comparisons at the very highest income levels were hard to make because of a lack of data—for example, the survey only included 99 people in Sub-Saharan Africa with incomes above $100,000, and only 1311 participants in Western Europe and Scandinavia with incomes over $200,000. The study also couldn't control for the different costs of living within regions—an American paying rent in New York City and an American paying rent in Fort Lauderdale probably don't have the same idea of what an ideal salary would be.

In other words, this study provides yet another piece of evidence that money does, in fact, impact happiness, but only up to a point. Considering the limitations of happiness studies like these, though, we may never be able to figure out exactly what that point is.

Amazon's Best Cyber Monday Deals on Tablets, Wireless Headphones, Kitchen Appliances, and More

Amazon
Amazon

This article contains affiliate links to products selected by our editors. Mental Floss may receive a commission for purchases made through these links.

Cyber Monday has arrived, and with it comes some amazing deals. This sale is the one to watch if you are looking to get low prices on the latest Echo Dot, Fire Tablet, video games, Instant Pots, or 4K TVs. Even if you already took advantage of sales during Black Friday or Small Business Saturday, Cyber Monday still has plenty to offer, especially on Amazon. We've compiled some the best deals out there on tech, computers, and kitchen appliances so you don't have to waste your time browsing.

Computers and tablets

Amazon

- Amazon Fire HD 10 Tablet 64GB; $120 (save $70)

- Amazon Fire HD 8 Tablet 64GB; $84 (save $35)

- HP Pavilion x360 14 Convertible 2-in-1 Laptop; $646 (save $114)

- HP Pavilion Desktop, 10th Gen Intel Core i3-10100 Processor; $469 (save $81)

- Acer Nitro 5 Gaming Laptop; $973 (save $177)

Headphones and speakers

Beats/Amazon

- Bose QuietComfort 35 II Wireless Bluetooth Headphones; $200 (save $100)

- Sony Bluetooth Noise-Canceling Wireless Headphones; $278 (save $72)

- JBL LIVE Wireless Headphones; $100 (save $30)

- JBL Charge 4 - Waterproof Portable Bluetooth Speaker; $120 (save $10)

- Bose SoundLink Color Bluetooth Speaker II; $79 (save $50)

- Powerbeats Pro Wireless Earphones; $200 (save $50)

Video Games

Sony

- Watch Dogs Legion; $30 (save $30)

- Marvel's Avengers; $27 (save $33)

- Ghost of Tsushima; $40 (save $20)

- The Last of Us Part II; $30 (save $30)

TECH, GADGETS, AND TVS

Samsung/Amazon

- Amazon Fire TV Stick; $30 (save $20)

- Echo Show 8; $65 (save $65)

- Nixplay Digital Picture Frame; $115 (save $65)

- eufy Smart Doorbell; $90 (save $30)

- Samsung 75-Inch Class Crystal 4K Smart TV; $898 (save $300)

home and Kitchen

Ninja/Amazon

- T-fal 17-Piece Cookware Set; $124 (save $56)

- Le Creuset Enameled Cast Iron Curved Round Chef's Oven; $180 (save $136)

- Ninja Foodi 10-in-1 Convection Toaster Oven; $195 (save $105)

- Roborock E4 Robot Vacuum Cleaner; $189 (save $111)

- Instant Pot Max Pressure Cooker 9 in 1; $80 (save $120)

- Shark IZ362H Cordless Anti-Allergen Lightweight Stick Vacuum; $170 (save $110)

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How Much Is the Earth Worth?

The New York Public Library, Unsplash
The New York Public Library, Unsplash

Our home planet may be the most precious place we know, but it isn't priceless. The Earth's resources and the value it offers to humans add up to some unknown, tangible cost. The species may never have to worry about buying or selling the world, but thinking of it in terms of concrete numbers can help us better understand its value. Now, as Treehugger reports, one scientist has developed a special formula that allows us to do just that.

According to the calculations of Greg Laughlin, an assistant astronomy and astrophysics professor from the University of California, Santa Cruz, the Earth is worth roughly $5 quadrillion (or $5,000,000,000,000,000). He came up with that price after gauging the planet's mass, temperature, age, and other factors that directly correlate to its ability to sustain life.

To emphasize just how valuable the Earth is, Laughlin also estimated the worth of other planets in our solar system. Our nearest neighbor Mars costs about the same as a used car at $16,000. That's a fortune compared to Venus, which he appraised at the meager value of one cent.

Laughlin doesn't expect these numbers to have applications in the real world. Rather, he hopes they will inspire people to better appreciate the only home they know. He's not the first person to put a massive, hypothetical price tag on something just for fun. The cost of the Death Star from Star Wars has been calculated at $852 quadrillion—many times Laughlin's estimate for Earth.

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