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Income and emotional well-being: A conflict resolved (with Matthew Killingsworth and Barbara Mellers)

Daniel Kahneman · 1 Mar 2023

Read the paper on pmc.ncbi.nlm.nih.gov ↗

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    Happiness levels off past a certain income only for the least happy; among happier people it keeps rising with income, fastest for the happiest

    Their wordsA reanalysis of Killingsworth’s experienced sampling data confirmed the flattening pattern only for the least happy people. Happiness increases steadily with log(income) among happier people, and even accelerates in the happiest group.

  2. Our reading

    There may be an income past which the miseries left, perhaps heartbreak, bereavement or depression, are ones more money does not ease

    Their wordsThis income threshold may represent the point beyond which the miseries that remain are not alleviated by high income. Heartbreak, bereavement, and clinical depression may be examples of such miseries.

  3. Our reading

    The link between income and happiness is weak, even though it is statistically robust

    Their wordsYet is important to note that the relationship is weak, even if statistically robust.

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