For me, the foundational question is “How much is enough?” How much do I need to live a reasonably healthy, happy life? Kahneman & Deaton (2010) found this to be $75,000, which would be about $100k in 2025. I use this as my baseline (adjusted for the cost of living in my area). Maybe this will help others contextualize.
For me, the foundational question is “How much is enough?” How much do I need to live a reasonably healthy, happy life? Kahneman & Deaton (2010) found this to be $75,000, which would be about $100k in 2025. I use this as my baseline (adjusted for the cost of living in my area). Maybe this will help others contextualize.