The IMF is saying that the people of Cyprus need to pay back the bankers who stole and lost their money.
The lower a person's annual income falls below that benchmark, the unhappier he or she feels. There's your changeable, day-to-day mood: But it doesn't make them any more jovial in the mornings.
The study, by economist Angus Deaton and psychologist Daniel Kahneman, who has won a Nobel Prize for Economics, analyzed the responses ofAmericans polled by Gallup and Healthways in and Participants were asked how they had felt the previous day and whether they were living the best possible life for them.
They were also asked about their income. Most people were also satisfied with the way their life was going.
See TIME's special issue on the science of happiness. Researchers found that lower income did not cause sadness itself but made people feel more ground down by the problems they already had.
Having money clearly takes the sting out of adversities. For people who earn that much or more, individual temperament and life circumstances have much more sway over their lightness of heart than money. At that level, people probably have enough expendable cash to do things that make them feel good, like going out with friends.
But in the bigger view of their lives, people's evaluations were much more tied to their income. The more they made, the more they felt their life was going well.
The survey asked respondents to place themselves on a life-satisfaction ladder, with the first rung meaning their lives were not going well and the 10th rung meaning it was as good as it could be.
The higher their income, the higher the rung people chose. Might it be time for Oprah to give these guys their own show? It's no surprise, then, that when the same polls are done in different countries, Americans come out as a bit of a mixed lot: At the same time, they're the 89th biggest worriers, the 69th saddest and fifth most stressed people out of the nations studied.
Even so, perhaps because of the country's general wealth, they are in the top 10 citizenries where people feel their lives are going well, beaten out by such eternal optimists as the Canadians, New Zealanders and Scandinavians.
Now that Princeton researchers have untangled that life mystery, maybe someone at MIT can look into the optimal amount of money required to buy us love.Personalized for you.
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