Money and Happiness

Money does buy happiness, up to a certain threhold.Once you have more than X amount of money, it has diminishing returns. A billionaire's meal isn't that much better than a tech bro making $250k/year.Life has been a lot happier for me once I reached a certain threshold in wealth.

Money provides safety and freedom and is crucial for happiness on low to medium-income levels. However, with more money neither safety nor freedom doesn't increase significantly (sometimes it's even the opposite) hence no increase in happiness.

Also money generally doesn't correlate with happiness past a certain very basic point.

There is such a thing as decreasing marginal utility; earlier research claimed that the ability of money to provide happiness drops off after some threshold is reached. For example:https://pubmed.ncbi.nlm.nih.gov/30980059/

Based on life experience and things I've read, I've found that once one reaches a level where basic needs are met and there's no need to worry about where the next (or the next three dozen) meal(s) come(s) from, money does very little to make people happy. Hell, as a student right now, my net worth is very, very negative, but I'm also very happy because every day I get to do exactly what I want to be doing, and my immediate future is pretty secure.Money is really just a form of freedom. If

Money won't make unhappy people happy, but it can make happy people happier.

"Money doesn't always bring happiness. People with ten million dollars are no happier than people with nine million dollars." --Hobart Brown

Money is overrated. If you aren't happy without it, you won't be happy with it. Just imo.

Money does correlate to happiness, so long as you have enough of it to live comfortably. Beyond that point, additional money does not increase happiness.

Yes. Once you reach a certain level of income the increase in happiness levels off. (Around 60k in the US apparently.)