alt Hacker News> What is the shape of the relationship between money and happiness, and what are its implications?
1. money != income.
2. Zip codes.
3. Age.
4. Social class.
a) 65 year old professor living in Woodside, CA, with a net worth of $250,000K
b) 35 year old HVAC business owner living in Fresno, CA, with a net worth of $2,000,000
First is poor, second is rich, but the study conflates both into the same bucket if they both make, say, $400K/yr
> but the study conflates both into the same bucket if they both make, say, $400K/yr
Annual income is easy to measure, net worth isn't. People like to measure things that are easier to measure. :P This is part of how 'millionaire' has gone from 'someone who has a million dollars' (for some value of has) to 'someone who has a million dollars of income per year'