Below an income of … $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. … Money does not buy you experiential happiness, but lack of money certainly buys you misery.

Source: "The Riddle of Experience vs. Memory." TED2010. Feb. 2010. Additional Information: This quote from psychologist and behavioral economist Daniel Kahneman's 2010 TED Talk on happiness presents the following facts: people who less more than $60,000 per year are less happy than people who make $60,000 or more, and while people become less and less happy the less money they make (below $60,000), people who make more than $60,000 are no happier than people who make $60,000. These results are from a Gallup survey of Americans, Kahneman explains. Kahneman says that these results show that although poverty makes us unhappy, being very wealthy does not make us very happy. Watch the full TED Talk here: Daniel Kahneman  - The Riddle of Experience vs. Memory    

“The Riddle of Experience vs. Memory.” TED2010. Feb. 2010.