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Does More Money Actually Make You Happier?

Everyone's heard that money doesn't buy happiness — and also that $75,000 is the magic number where more income stops mattering. Both claims are now known to be incomplete or wrong. In this episode, we dig into the actual research on money and happiness, from Kahneman and Deaton's famous 2010 study to Killingsworth's 2021 experience-sampling data to the 2023 reconciliation paper co-authored by Kahneman himself. We explore the distinction between emotional well-being and life evaluation, the logarithmic relationship between income and happiness, the minority of deeply unhappy people for whom…

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