Credit: Elnur / AdobeStock

Can happiness be bought for $85,000? Studies show people who reach this annual income level are "generally happier" because their basic needs (food, shelter, financial safety) are being met. However, that's the peek; more money doesn't necessarily equal greater happiness. Once basic human needs are met, it allows time to reflect on higher needs like belonging and self-actualization. More money doesn't cure sadness, loneliness, stagnation, and discontentment. But still, some employers think they can just throw wads of cash and jam-packed benefits packages at their employees like a piñata, hoping for a shower of engagement to rain down. But extra dollars and paid time off aren't magic wands; they're just money and perks.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.