New Study Confirms Wealth Directly Correlates with Increased Happiness
Research challenges previous beliefs, showing no plateau in happiness for ultra-wealthy individuals.
- Millionaires and billionaires report significantly higher life satisfaction than those with lower incomes.
- Previous studies suggested a happiness plateau at $60,000-$90,000, but new findings dispute this.
- The difference in happiness between high and middle-income earners is nearly three times greater than between middle and low-income earners.
- The study used data from multiple sources, including past research on millionaires and the richest Americans.
- Higher wealth provides more life choices and greater autonomy, contributing to increased happiness.