It’s a question that philosophers, economists, and social scientists have grappled with for decades: Can money buy happiness?

The answer is, seemingly, yes.

1. Two prominent researchers, Daniel Kahneman and Matthew Killingsworth, came to the conclusion that people are generally happier as they earn more, with their joy leveling out when their income hits $75,000 and that “experienced well-being” can continue to rise with income well beyond $200,000.

2. The study reached two big conclusions: First, that “happiness continues to rise with income even in the high range of incomes” for most people, showing that for many of us, on average having more money can make us increasingly happier.

3. “The exception is people who are financially well-off but unhappy. For instance, if you’re rich and miserable, more money won’t help. For everyone else, more money was associated with higher happiness to somewhat varying degrees.”

4. The study also made its way to social media Wednesday, with one Twitter user joking: “Anyone who says money doesn’t buy happiness just doesn’t know where to go for shopping.”



5. Another teased: “Money won’t make you happy, but it’s nicer to cry in a Ferrari.”