Wealth is a subjective perception that varies among individuals.
Wealth is a subjective perception that varies among individuals.
Wealth can be defined by material possessions or income.
Some individuals associate wealth with what they can trade it for.
The correlation between money and feeling wealthy differs based on personal characteristics.
Behavioral finance studies suggest that happiness increases until an income of around $75,000 per year.
A new study found that for individuals with low well-being, happiness rose until they earned $100,000, but no significant increase occurred thereafter.
People in the middle range of emotional well-being experienced a linear increase in happiness with higher income.
Individuals with already high well-being experienced accelerated happiness as their income exceeded $100,000.
The concept of wealth extends beyond income and includes net worth, which is also influenced by emotional factors.