Do you think money doesn’t correlate with happiness?
Money definitely buys you happiness, but up to a point and not beyond that, revealed a study by Gallup World Poll.
The study has created a satiation point for income beyond which money doesn’t buy happiness, rather leads to a number of issues like stress and whatnot.
The cut-off varies with geography and gender as well. Money leads to a satisfactory lifestyle from job to home and enjoying the things you love, however, beyond a certain point, the increased income levels do not correlate to satisfaction.
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The life-satisfaction survey was conducted across the world with around 1 million respondents rating their lives on a scale of 0-10 along with their annual incomes.
Women need more money to be happy as revealed by the survey.
| Gender | Satiation Point (US Dollar 2016) |
| Female | 100,000 |
| Male | 90,000 |
The geographic location plays a major role in determining the cut-off above which money leads to no further happiness.
Australia/New Zealand have the highest satiation point of $125K whereas Latin Americans are happy up till the cut-off income of $35K. The global average remained at $95K.
| Region | Satiation Point (US Dollar 2016) |
| Australia/New Zealand | 125,000 |
| Middle East/North Africa | 115,000 |
| East Asia | 110,000 |
| North America | 105,000 |
| Western Europe/Scandinavia | 100,000 |
| Southeast Asia | 70,000 |
| Eastern Europe/The Balkans | 45,000 |
| Sub-Saharan Africa | 40,000 |
| Latin America/ The Caribbean | 35,000 |
| Global | 95,000 |
What do you think about the survey results? Voice your opinion in the comments section.
Via QZ
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