According to Kahneman and colleagues' (2006) study, if one were to compare individuals earning $50,000-$89,999 with those in the $90,000 income bracket, what trend would be observed and how might one account for this trend?

Question

Social Studies

Hana Mcconnell

3 February, 13:55

According to Kahneman and colleagues' (2006) study, if one were to compare individuals earning $50,000-$89,999 with those in the $90,000 income bracket, what trend would be observed and how might one account for this trend?

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Josue · Answer 1

Answer / Explanation:

From the study of the researchers Kahnemam and colleagues, it should be noted that and was stated that even though it is widely said and accepted that people that earn more money are happier, the researchers believes this is but only an illusion.

Referring back to the question asked, the researcher made an effort towards an alternative method for measuring the well being and behavior of people in the society but in this case as related to their earnings, they said that the belief that happiness associated with high income is an illusion. People with above average income are relatively more satisfied with their lives but are barely happier than other in per day event and activity experience.

In summary, According to Kahnemam and colleagues, those people earning $90,000 are not happier, that the feeling that they are happier is an illusion

While

the people earning between $50,000-$89,999 are relatively more satisfied with their lives although they tend to live a more tensed, and do not spend more time in particularly enjoyable activities.