We all know the tired cliché: "Money can't buy you happiness." But when you compare a Hollywood billionaire to someone who just got evicted from their apartment, the phrase starts to lose its meaning. Clearly, there's a certain amount of money that can mean the difference between happiness and misery. But what amount is that? In 2010, researchers decided to find out, and their answer was pretty interesting.
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Key Facts In This Video
Beyond $75,000, American workers don't experience additional happiness with an increased salary. 00:21
Giving money to others has been shown to increase happiness and overall emotional well-being. 01:30
The ways in which money is spent also has a significant impact on a spender's happiness. 01:52