How much money do you need to be happy?

Every element of our lives is impacted by money, including where we choose to live, what we do, where we attend school, and what we eat

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We can avoid dealing with problems like unstable housing or difficulty paying for healthcare when we have money

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Though I discovered that the correlation between wealth and happiness is actually fairly complex when I delved into the studies on the topic

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I did discover, though, that having more money does not automatically translate into more happiness.

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The main advantage of having more money, acc. to Harvard business administration professor Jon Jachimowicz, is that it acts as a safety net in case bad things happen in life

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you can quickly pay the bill if a medical emergency strikes or you can order takeout if you don't have time to prepare.

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According to Jachimowicz, money is a necessary instrument for safety, security, and stability

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A lack of money may make even seemingly innocuous situations much more upsetting and agonizing

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According to a prior study by Daniel Kahneman and Angus Deaton, people's perception of wellbeing peaked at a salary of at least $75,000

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