Bottom line: Money does matter, but not as much as many people think.
What seems to matter more is what people do with their money.
"That might be surprising as what we see on TV and what advertisers tell us we need would indicate that there is no ceiling when it comes to how much money is needed for happiness, but we now see there are some thresholds," said Andrew T.
Jebb, the lead author and doctoral student in the Department of Psychological Sciences.
That is, both predicted and actual happiness leveled off at $90,000 .