Live data from Hacker News

How much money do people need to be happy?

qz.com

151–160 of 273 posts

Re: How much money do people need to be happy?

#151
post #143

Earlier quoted context omitted.

Seriously? Cooking, cleaning the house, mowing the lawn, driving to places, filling out tax returns, shopping for clothes or household goods.... Fully automated solutions for any of the above either do not exist or are prohibitively expensive.

How many of those do you hate simply because you're time poor? If other necessities were met so you didn't have to work would you still hate them? I'd still hate the tax returns, but others like cooking and mowing I enjoy when I'm free of time constraints.

Not OP but I have a lot of time and cooking is probably the thing I hate the most in my life after cleaning. I don't enjoy it at all.

Re: How much money do people need to be happy?

#152
post #82
post #75

Earlier quoted context omitted.

Robots? Assuming you already have 7+ days worth of clothes simply hire a maid to come by once a week. With a human you never have to worry about software upgrades, charging batteries, or wake up in a cold sweat in fear of your hired help violating Isaac Asimov's laws of robotics.

Humans are quite capable of violating the laws of robotics too!

> Humans are quite capable of violating the laws of robotics too!

Well, that could mean that robots may too violate the laws of robotics!

Re: How much money do people need to be happy?

#153
post #133

If you look at the happiness income in East Asia, you'll note it's higher than in the US. This indicates that the value is not absolute (things you need to be happy) but it's relative to the area. The best indicator of happiness related to income I have seen concluded that the income is relative to the income of your peers: if they make more money, you will be less happy, if they make less, you will be more happy. Th…

Having wealthy friends creates wealth for you. Wealthy professional friends means free medical/legal/financial advice, fancy homes to visit, fancy tools and toys to borrow, all things you can't get from poor friends.

On the other hand it would be rather sad to start selecting your friends based on their wealth.

Re: How much money do people need to be happy?

#154

Earlier quoted context omitted.

I would not be surprised if you were exactly right with this: I would say that having no debt, or at least having manageable debt, along with knowing you are saving enough for retirement, and making enough that you don't have to second-guess if you can afford every purchase you make, is the real cutoff. Many people I have talked with about happiness are really talking about non-anxiety. Basically defining being 'happ…

What a sad indictment of modern American life that our baseline for happiness is "not destitute". Really, I think that's telling, and as a millennial with lots of student loan debt and friends in a similar boat, it's not surprising one bit.

I don't think it's just that that's our baseline, I think it's a ceiling. I think they're saying "if you're not destitute, more stuff won't make you happier". Overall, in the long term.

Re: How much money do people need to be happy?

#155

Earlier quoted context omitted.

>Just one thing: you don't need a "buy/rent a jet" income to not have to commute to work daily $3mil let's you live on $50k/year for 60 years. And realistically, more than that due to interest - 2% of 3mil is 60k, so if you have it well-invested you could live off it with $50k/yr indefinitely.

The amount of principle required to sustain $1 of annual real consumption in perpetuity costs between $25 and $35. $50 is far beyond enough - you'll die with far more money than you started with.

in which case, you get to put your kids in a great position.

Re: How much money do people need to be happy?

#156
post #83

Earlier quoted context omitted.

I feel like that would be better paired with the "dough" double meaning instead of bread. "Life's a shit pizza, the more dough you have the less it tastes like shit."

Bread is a synonym for dough in that meaning

dough is colloquialism for money, which makes the quote funnier due to the double entendre.

Re: How much money do people need to be happy?

#157
post #4

Is this net income (after taxes, and possibly after 401k [or equivalent] savings)? I would say that having no debt, or at least having manageable debt, along with knowing you are saving enough for retirement, and making enough that you don't have to second-guess if you can afford every purchase you make, is the real cutoff. For example, if you don't have mortgage debt then you are probably renting. So I consider mort…

I would not be surprised if you were exactly right with this: I would say that having no debt, or at least having manageable debt, along with knowing you are saving enough for retirement, and making enough that you don't have to second-guess if you can afford every purchase you make, is the real cutoff. Many people I have talked with about happiness are really talking about non-anxiety. Basically defining being 'happ…

>Many people I have talked with about happiness are really talking about non-anxiety.

This sums up pretty much.

It is not the Money ($) i need. But what I think is rather basic things to live.

A place called Home. It doesn't have to be free, it could be even be rented that I dont own it. But it should be affordable, without being anxious about Landlord kicking you out, or hike the rent to a ridiculous level so you cant continue to live. It shouldn't take your entire working life, 25 - 30 years of continuously working and giving 40% of your salary, what if you are sick in between this 30 years? What if you were fired? This whole living burden is what causes people anxious, and hence do not risk into taking another higher paid job and move up the ladder. The stagnation of wages.

I dont need a house, just a small flat, 150 Square Feet will do, with an open kitchen and a small toilet and shower. The whole flat is probably the size of many Americans's houses bath room. Hopefully along with Water pipes that doesn't include heavy metal like lead poisoning, hot water system that could shower longer then 3 min in Winter. Is that too much to ask for? I am not calling for free housing, but one that is affordable.

Food is Cheap, I used to live in UK with less then 1.5 pound budget per day. Good Quality clothes are actually not expensive in terms of production cost, most are rent, labour and marketing. And Medical is affordable if you have insurance.

So Food, Medical and Clothes are actually easily affordable in most developed countries. ( Name be one place that it isn't ) As long as you have a job. Any job in fact, even labour intensive job or lower end jobs could easily afford all of these.

So out of all the basic needs in Maslow thoery, shelter is the most expensive, most unaffordable, and also most anti competitive. But all government are very happy with that, as it is basically modern slavery.

Re: How much money do people need to be happy?

#158

Unless income is randomly assigned, how do we draw any causal conclusions? For example, what if being predisposed to certain kinds of anxiety tend to cause one to both make more money in order to have more security, and never be satisfied with that security?

Because that variable is likely insanely small. High paying jobs generally have a lot of anxiety associated with them, whether it’s difficult interviews, a great deal of education or whatever.

Re: How much money do people need to be happy?

#160

Earlier quoted context omitted.

They're skewed towards wage income, because that's how the majority of people in this country make their living, so it's automatically more relevant. Just because 1-2% of people make their ends meet with their wealth working for them doesn't mean their presence requires them to be represented with equal weight in research. Not sure how this isn't self-evident to you. > The people conducting these studies have their o…

I never said government is bad. But income tax is theft. If you do not pay our overseers, then you are at the wrong end of a gun or the otherwise of a steel cage.

you can choose to denounce your citizenship and stop paying taxes. but your also need to leave the country, and live as a stateless Pirate. and any state enforced rules don't apply so you better arm yourself to the teeth and hide from any roaming military.
Post reply on HN