Money and Happiness
Byline: The Register-Guard
People grow happier when their income rises. Surprising? Hardly. More surprising is the fact that happiness levels off, so to speak, as income reaches $75,000.
These were some of the conclusions of an unusual study reported early this month. The main work was done by economist Angus Deaton and Daniel Kahneman, a Nobel prize winning psychologist, both based at the Center for Health and Wellbeing at Princeton University.
While the superficial results of their work seem self-evident, two aspects are intriguing. One is the researchers' distinction between two forms of happiness - day-to-day feelings and deep-seated well-being.
Deaton told an Associated Press reporter, "Giving people more income beyond $75,000 is not going to do much for their daily mood ... but it is going to make them feel they have a better life."
The difference is subtle, but it makes sense. (It also made sense that in the day-to-day category, people generally felt happier on weekends. …