Even for the Very Rich, More Money Brings Happiness

Wall Street Journal (WSJ) (12/07/2017)
  • The Wall Street Journal recently interviewed BlackRock’s high net-worth clients (asset management) on their levels of happiness.
  • While widely accepted research has proven that the marginal benefits (happiness) of increases in income start diminishing after earning $75K per year, as a minority millionaires are by default underrepresented in the results.
  • WSJ found that people worth $10 million or more are 2.5% happier than those worth $1-2 million.
  • WSJ also found those who earned their money significantly happier than heirs and people who married into wealth.