High income improves evaluation of life but not emotional well-being (Can…
High income improves evaluation of life but not emotional well-being
Can money buy happiness?
Thoughts that people have about their life
Rises as log income rises
Emotional quality of an individuals everyday experience that make life pleasant or unpleasant
Rises as log income rises until $75,000
Conclusion: high income buys life satisfaction but not happiness, and that low income is associated both with low life evaluation and low emotional well-being.