Who says money can't buy happiness?

They say money can't buy happiness. But a new study from Princeton University's Woodrow Wilson School suggests that money does buy happiness, up to a point - as long as you make about $75,000 a year. The lower a person's income falls below this baseline, the less happy he or she feels. However, any income above $75,000, no matter how much higher, showed no increase in happiness.

Employers don't rush to keep salaries at or up to $75,000 per worker. The study suggests that there are actually two types of happiness. One refers to how your mood changes from day to day: you may be stressed or depressed, or you may feel psychologically normal. The other is a deeper satisfaction with the way you live your life, which is what Tony Robbins is trying to teach you. Earning above the magic threshold of $75,000 seems to have little effect on the former (emotional well-being), but it certainly improves what Robbins refers to as life satisfaction. In other words, the more people earned above $75,000, the more satisfied they felt their lives were overall. But it doesn't make them feel any happier every morning.

Translated by Time Magazine /ISeek