If you saw his Ted talk, you may already be familiar with Princeton psychologist Daniel Kahneman’s research on happiness. Dr. Kahneman and a group of researchers surveyed people across income brackets in a national sample on their overall happiness.
Those who made $90,000 reported being twice as happy as those who made $20,000. However, an interesting thing happens around the $50,000 mark: happiness begins to level off. There’s little difference between the happiness of people who make between $50,000 – 89,000 and those in the highest income groups (e.g., over $100,000).
A Key to Increased Happiness: Engage in Active Pursuits
Kahneman and colleagues offer an explanation for this trend. They suggest that higher income people, although they work more, spend more free time in active pursuits...