4.8 Article

Experienced well-being rises with income, even above $75,000 per year

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Article Multidisciplinary Sciences

Experienced well-being rises with income, even above $75,000 per year

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Summary: Research shows that both experienced and evaluative well-being increase linearly with income, with no plateau in experienced well-being observed above $75,000/year. There is also no evidence of an income threshold at which experienced and evaluative well-being diverge, indicating that higher incomes are associated with both feeling better day-to-day and being more satisfied with life overall.

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