I would argue it depends where you live, and the cost of living in that place. There isn’t a specific dollar value, but it’s simply the ability to live comfortably and take care of yourself properly. If you made $100k USD/year in one of the more poor countries of the world, you’d be considered fabulously wealthy and could buy pretty much anything you could ever want. That would be well in excess of being able to live comfortably.
Yeah if you live on 70k in my home town that is far more than just comfortable. I actually know of people who can take remote jobs with a high salary then move to less wealthy countries to just become the top 1% there also.
I would argue it depends where you live, and the cost of living in that place. There isn’t a specific dollar value, but it’s simply the ability to live comfortably and take care of yourself properly. If you made $100k USD/year in one of the more poor countries of the world, you’d be considered fabulously wealthy and could buy pretty much anything you could ever want. That would be well in excess of being able to live comfortably.
Ah yeah definitely. I’m assuming this study was done somewhere like California.
Nationwide in the year 2010, but I’m sure inflation has massively impacted the actual number since then! https://www.pnas.org/doi/10.1073/pnas.1011492107
There seems to have been more recent researches that removed that cap altogether: https://www.verywellmind.com/happiness-doesn-t-top-out-at-usd75-000-study-says-5097098
Yeah if you live on 70k in my home town that is far more than just comfortable. I actually know of people who can take remote jobs with a high salary then move to less wealthy countries to just become the top 1% there also.