00:00They say that money can't buy happiness.
00:02If you're poor, you certainly hope it's not true.
00:04If you're rich, well, that depends.
00:06And if you're happy regardless of money, you're far too busy being happy to care.
00:10But a new study finds that for the vast majority of people, money does buy happiness.
00:15However, not everyone gets happier as their income increases.
00:19A paper published in the Proceedings of the National Academy of Sciences Journal
00:23attempted to reconcile two different pieces of previous research with different findings
00:28and said that the unhappiest group of people reach a plateau when they start earning about $100,000.
00:35According to Insider, researchers concluded that the average emotional well-being generally rose
00:40until people earned between $60,000 and $90,000, after which it flattened off.
00:46But not for everyone.
00:48For the happiest 30% of people, happiness rises at an accelerated rate beyond $100,000.
00:54If average household income was $70,784 in 2021, per the U.S. Census Bureau,
01:03and you take out about 25% for tax, then take out living expenses and money spent on lobster rolls,
01:10a gig here, a gig there, carry the four, it's gonna take me about six or seven years to get
01:15happy.
01:15In the meantime, let's enjoy the little things that don't cost too much, like apples and family.
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