This world map shows the numerical income level for happiness after which one experiences sharply diminishing returns for each dollar earned. Any thoughts? Things that surprised you? Some trends I was expecting (but was proven wrong) was that highly-subsidized socialist Scandinavia would have a lower income level required (since so much is free). Likewise, I am surprised how high China's amount is (70k) since it is a fairly low income country. Also, I am surprised how low "rich" (compared to Central America) Mexico's figure is and how high other "poor" Central American countries is. In Mexico, you can see a lot more conspicuous consumption (Ferraris, jet skis, private helicopters, etc.) that you RARELY see in Central America. I thought Mexico would have been around 40k and the rest of Central America around 10k. Additionally, famously super-subsidized France actually needs a higher income level than Spain. Greece also seems very high given their longterm economic struggles and [what I would have thought] would have deflated their economic expectations somewhat (yielding a number of maybe 40,000 or so). Canada, given their socialized medicine and general love affair with many Americans who decry the healthcare system in the US, seems to be a lot closer to the US than I would have though (I would have guessed Canada would be around 80k). UPDATE: For those of you nerds like me interested in the methodology, I found this on their website: We used estimates from Purdue University’s paper “Happiness, income satiation and turning points around the world” to calculate satiation points for over 160 countries. We then adjusted dollar figures using the Purchasing Power Parity (PPP) conversion factor from the World Bank and the currency exchange rate from TheGlobalEconomy in order to convert the figures from the regional to the country level. Finally, we used cost of living data from Numbeo to adjust national level estimates of satiation points to the city level. National estimates were adjusted using Numbeo’s Cost of Living Index, wherein a 1-point difference in index score between two geographies is equivalent to a 1% difference in the cost of living.
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India, you need 8x the GDP per capita and in the US it is 2x. Helpful metric rather than just looking at the color
I wish it had a price...
Omw to Sierra Leone to start a diamond mining business
Would be interesting to see how the number in each country compares to the average income. A lot of the cheaper countries listed also have very low salaries, making even the 'low' price of happiness unattainable.
Pretty accurate numbers for the countries I’m familiar with. One caveat is you’d have to be local born and raised to enjoy life for this amount. As an expat there will always be additional expenses due to travel, different perception of standards of living (e.g. Eastern Europe for an American). One thing to keep in mind. It looks like the numbers are after tax income. So for european countries the amount of pretax income must be really difficult to achieve
Is this individual or family income? & before tax or after tax? Both of those factors make a huge diff.
Just give me the top and bottom numbers. That’s all I wanna know.
They are in the pic. Zoom in at top right
Jeez I am so lazy, no amount of money will make me happy! 😂