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Jayson_Virissimo comments on How can I spend money to improve my life? - Less Wrong Discussion

15 Post author: jpaulson 02 February 2014 10:16AM

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Comment author: Jayson_Virissimo 03 February 2014 04:37:54AM 4 points [-]

The studies on income satisficing (past 75k, more money doesn't correlate with more happiness) certainly suggest that this is true.

And other studies suggest that it isn't.

Comment author: jpaulson 03 February 2014 04:46:26AM 1 point [-]

I think I saw that on LessWrong quite recently. That study is trying to refute the claim that income satisficing happens at ~$20k (and is mostly focused on countries rather than individuals). $20k << $75k.

Comment author: Jayson_Virissimo 03 February 2014 04:56:43AM 4 points [-]

When we analyze these data more formally in regressions we find no evidence of a significant break in either the happiness-income relationship, nor in the life satisfaction-income relationship, even at annual incomes up to half a million dollars.

Comment author: jpaulson 03 February 2014 05:14:07AM *  1 point [-]

OK, I believe there is conflicting research. There usually is. And as usual, I don't know what to make of it, except that the preponderance of search hits supports $75k as satisficing. shrug

Comment author: [deleted] 08 February 2014 09:58:14PM 0 points [-]

Certain people know how to spend money right and other don't, and for some reason different studies are biased towards different types of people?

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