Turns out, money can buy happiness: Income may boost emotional well-being more than we thought
Widely publicized research from 2010 said income doesn’t boost happiness past $75,000. But happiness may increase with a bigger paycheque more than economists previously believed.
![Turns out, money can buy happiness: Income may boost emotional well-being more than we thought](https://i.cbc.ca/1.7107959.1707445949!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/young-couple-in-convertible-car.jpg)
![New research has disproven a widely cited 2010 study on the link between happiness and income, which cemented the idea that money could only buy happiness to a certain point — and that point was said to be at around $75,000 at the time. A smiling young couple are seen driving in a convertible car with the roof down. The woman in the passenger seat has her arms in the air.](https://i.cbc.ca/1.7107959.1707445949!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/young-couple-in-convertible-car.jpg)
Widely publicized research from 2010 said income doesn’t boost happiness past $75,000. But happiness may increase with a bigger paycheque more than economists previously believed.