What the data show is that one’s emotional satisfaction moves in lockstep with one’s income—as income rises, well-being rises—but only to a point. Before the average American earns $75,000 a year, there is a direct correlation between money and happiness. Above that number, the correlation disappears. This tells us something interesting: that in the United States, the freedom to flourish—to truly enjoy a life of possibility—costs roughly $75,000 a year in 2008 dollars. But what’s really important is what that money buys.
