The Price Tag on Happiness

Posted on August 11, 2017 • Category: Happiness



THE ARIZONA WE HAVE

In 2010, economist Angus Deaton and psychologist Daniel Kahneman worked with Gallup to analyze the responses of 450,000 Americans polled by Gallup and Healthways in 2008 and 2009. The results indicated:

  • Daily happiness in America peaks with an average annual income of $75,000.
    Where you live affects whether you need more or less income to achieve this peak.
  • Life satisfaction continues to climb with additional income in all regions of the country.

In 2017, Gallup and Sharecare, a personal health company, repeated the study by analyzing more than 350,000 interviews with Americans in 2015 and 2016. Lead researcher Dan Witters notes that the 2017 results are similar to 2010 results.

How much income does it take to reach peak daily happiness?

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Gallup cautions that the margins of error (MOE) vary with each city and the income bracket of the person answering the question, “How much income does it take to reach peak daily happiness?” The MOE ranges from ± 2.7% to 3.6%.

The results suggest that cost of living is a factor but not all regions follow that pattern. For example, daily happiness in the Great Lakes region comes with the highest price tag--$120,000+ per year.

 

OTHER NEWS
$54K In Phoenix, happiness peaks when people make about $54,000 per year.
See the Cities Where You Can Be Happier with Less Money  

Gallup (as reported in Time magazine), May 9, 2017, March 2017

 

$75K Does income buy happiness? Yes, up to a point. But life satisfaction keeps climbing with income in all regions.
Income Buys Happiness Differently Based on Where You Live  

Gallup, May 8, 2017

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Lattie F. Coor

My Perspective

When CFA set out to build a citizens' agenda for Arizona, we didn't know it would end up placing Arizona at the center of a national struggle to address the challenges confronting democracy today–the growing lack of confidence that citizens have in government and their growing lack of participation in the civic life of our communities and nation.

In many ways, Arizona is a microcosm of these challenges. This fact was made clear in the results of the Gallup Arizona Poll (2009), which identified the deep concerns that Arizonans have about the need for both effective leaders and engaged citizens. CFA is now in the process of building Arizona Progress Meters for each of the 8 citizen goals defined by the people who live here. The culmination of these goals is The Arizona We Want.

The Arizona We Want is a long-term vision and it can be achieved if we work together.

Learn More about how CFA is activating the citizens' agenda for Arizona.


Citizen goals sit at the heart of all we do.


Center for the Future of Arizona
541 East Van Buren, B-5
Phoenix, Arizona 85004-2211
Phone: 602-496-1360
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