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Edited by A Fly Lady:
3/11/2013 2:04:24 PM
13
What People Earn
My husband and I watched a new show on the History Channel last night - "What People Earn". In the last few minutes of the show, they showed stats related to salary and happiness. The study showed that the salary where people had the most happiness was $74,000/yr. The study showed that people who make more than this per year were actually less happy.
The show also stated that the Median salary/wage in American is $50,000/yr. We also learned that just 6% of Americans earn more than $100,000/yr.
Talking about what we earn, what our hourly wage is, or what our salary is, is apparently still a very taboo subject and people are uncomfortable talking about what they make. Do you have problems talking about how much you make?
Do you think you'd be happier making more money? Would making more than $74,000/yr make you less happy?
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I hear about these studies every few years, but I never see one that goes any deeper than just salary. What about, for instance, savings rate? I think it'd be a fair guess that people with a negative savings rate would be more stressed than those with a positive one, but is it possible to be saving so much that you're less happy because you aren't doing anything with it and enjoying the fruits of your labors? I'd guess so. I wonder where that number is too. And also, what about giving to charity? Anyway, for me personally, I make right around 50k salary. For the position I hold, that's low, but for the county I live in, I make more as an individual than the average [i]household[/i] income. The cost of living here is low, and I live on about 3/4 of what I make. If I made $74k a year, I'd probably put the extra money toward paying off the house and get rid of the mortgage fast. So yeah, I think being able to do that would make me happier.
