The Week (US)

How much difference does money make?


Money definitely matters, but it’s not everything. Research by Nobel-winning economist Angus Deaton has shown that money stops adding significan­tly to people’s happiness at an annual salary of $75,000. A recent survey of 1,400 retirees found that happiness tapered off after they attained $550,000 in net worth. “Once you reach a certain level, more money doesn’t buy a lot more happiness,” says financial planner Wes Moss of Capital Investment Advisors.

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