How Our Income and Spending Can Create Happiness

Trying to determine the connection between money and happiness, scholars are looking at what we earn and what we buy.

When Does Money Make Us Feel Good?

In 1974, a University of Pennsylvania economist concluded that there was a happiness plateau. Yes, we feel increasingly good as our income grows. But not beyond $75,000. Called the Easterlin Paradox, even if your earnings continue upward, they don’t bring…