Almost everyone in the world, at some point in their lives, has wished for more money. It’s generally because we believe that more money will bring us more happiness. We’ll be able to buy that car we’ve always wanted, pay off those bills, take that holiday. And while having enough money to meet our basic needs can definitely improve life, getting “rich” probably won’t.
A 2010 study from Princeton University asserts that an annual salary of USD 75K a year (that’s around $97K AUD) was the tipping point for happiness – any more than that and people tend to become prone to social comparisons, greed enters the building, and the grass starts to become infinitely more green on the other side.
And this 2019 study found that prioritising money over free time – say, picking up an extra shift at work over hanging out with friends – might even undermine our happiness.
So what are we to do? Try to practice daily gratitude for the things we have, and everything we can already afford to do.