We’ve all heard the age-old saying “money doesn’t buy happiness” – but the relationship between salary and satisfaction might surprise you. Happiness expert Jessica Weiss joined TheStreet to discuss how salary impacts your happiness and unhappiness.
Related: How money can actually make you happier
Full Video Transcript Below:
CONWAY GITTENS: How important is salary to this discussion of happiness and work?
JESSICA WEISS: Okay great question because it’s what we all think about when we think about work. We all think that more money, more happiness. Now I’m going to give you the answer that you’ve heard a million times before, but I’m going to give you a little bit of a different explanation. Money will not buy you happiness. But what money does do is money will make you less unhappy. Okay, so what I’m saying here is, first of all, we all need to know that we’re being paid equitably and fairly. We all need to know that we’re being compensated in an equitable and just manner.
That’s kind of table stakes in terms of money. But what we have found through the research is that money doesn’t add to happiness. It decreases unhappiness. And I think that’s a really interesting way to look at it. So while money is a very real need, and I am not saying that, more money certainly allows you things that will get you to a happier place. I think a more interesting way to look at it is money will give you less unhappiness.
Watch More Interviews:
Ray J’s blunt advice for aspiring entrepreneursDave Ramsey reveals why Americans keep spending despite economic gloomRemote work is stable and here to stay says ZipRecruiter economistLiz Ann Sonders: How to invest in AI hype without stock picking
