29th July 2025
If there is a minimum level of pay for a dignified standard of living, is there a maximum level of pay that optimises happiness?
Research from Raisin (a financial organisation that provides a platform for savings and investment products) in its report ‘Does money buy happiness?’ suggests a figure of about £35,000 pa.(1)
Whilst BBC’s Money Box programme suggests that, whilst a higher income can equal greater happiness, there is a cut off point at £120,000 beyond which the gain seems negligible. (2)
(1) https://www.raisin.co.uk/newsroom/does-money-buy-happiness/
The Green Tau 