Flying Squid@lemmy.world to Work Reform@lemmy.world · 8 months agoI'm not asking to be rich.lemmy.worldimagemessage-square292fedilinkarrow-up11.69Karrow-down147
arrow-up11.64Karrow-down1imageI'm not asking to be rich.lemmy.worldFlying Squid@lemmy.world to Work Reform@lemmy.world · 8 months agomessage-square292fedilink
minus-squareBreve@pawb.sociallinkfedilinkarrow-up30arrow-down1·8 months agoRelevant study: https://www.princeton.edu/~deaton/downloads/deaton_kahneman_high_income_improves_evaluation_August2010.pdf tl;dr: Happiness increases logarithmically with income, leveling off at about $75,000/year (at least in 2010).
minus-squarePickle_Jr@lemmy.dbzer0.comlinkfedilinkarrow-up14arrow-down1·8 months agoThat’s about $105k in today’s dollars. You know, typical middle class income. /s
minus-squarejaybone@lemmy.worldlinkfedilinkarrow-up1·8 months agoLol in some places that’s considered low income.
minus-squaremaniclucky@lemmy.worldcakelinkfedilinkarrow-up6·8 months agoThe phenomenon is called the Hedonic Treadmill
minus-squareOwenEverbinde@lemmy.myserv.onelinkfedilinkEnglisharrow-up3arrow-down4·edit-28 months agoOh. Just over the median income in America. So literally half the population of the most powerful country in the world is insulated from the problem. EDIT: okay, looks like I was looking at median household income and not median personal income. Meaning my math is off.
minus-squaremaniclucky@lemmy.worldcakelinkfedilinkarrow-up1·8 months agoI feel like the mean is rather skewed in the US. It’s almost certainly less than half that are insulated.
minus-squaremaniclucky@lemmy.worldcakelinkfedilinkarrow-up1·8 months agoYou’re right, I was off on a weird thing. Was thinking about the skew between mean and median indicating this or that, but starting in median keeps us in population counting territory. I was just wrong. Derp.
Relevant study: https://www.princeton.edu/~deaton/downloads/deaton_kahneman_high_income_improves_evaluation_August2010.pdf
tl;dr: Happiness increases logarithmically with income, leveling off at about $75,000/year (at least in 2010).
That’s about $105k in today’s dollars.
You know, typical middle class income. /s
Lol in some places that’s considered low income.
The phenomenon is called the Hedonic Treadmill
Oh. Just over the median income in America. So literally half the population of the most powerful country in the world is insulated from the problem.
EDIT: okay, looks like I was looking at median household income and not median personal income. Meaning my math is off.
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I feel like the mean is rather skewed in the US. It’s almost certainly less than half that are insulated.
deleted by creator
You’re right, I was off on a weird thing. Was thinking about the skew between mean and median indicating this or that, but starting in median keeps us in population counting territory. I was just wrong. Derp.