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The Tefl Academy, Assignment C, Authentic Text
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Assignment C - Part 2.iAuthentic Text
Here’s how much money you need to
be happy, according to a new analysis
by wealth experts
Published Mon, Nov 20 2017 11:43 AM EST Updated Mon, Nov 20 2017 11:43 AM EST
Emmie Martin
@EMMIEMARTIN
The idea that money can’t buy happiness has been disproved by science, at
least up to a point. Experts say that happiness does increase with wealth, but
the correlation peaks at earning $75,000 per year.
“The lower a person’s annual income falls below that benchmark, the unhappier
he or she feels. But no matter how much more than $75,000 people make, they
don’t report any greater degree of happiness,” Time reported in 2010, citing a
study from Princeton University conducted by economist Angus Deaton and
psychologist Daniel Kahneman.
However, a new analysis from Town & Country’s Norman Vanamee contends
that it takes more to achieve “optimal contentment.” Much, much more.
Vanamee set out to determine how the amount that “allowed you to pursue your
personal passions — join the board of a philanthropy, support the arts, avoid
flying out of Newark ever again — but didn’t make you question the intentions of
friends and otherwise consume your life.”
For this analysis, Vanamee created a model family: a wealthy couple with two
teenage children living in New York City. They have vacation homes in the
Caribbean and the Hamptons, send their kids to private schools, own a spacious
apartment on Fifth Avenue, donate generously to charity and have acquired a
pricey art collection. This couple also has help in the form of a maid, driver and
chef.
What would that lavish, fulfilling, having-it-all lifestyle cost? $100 million, says
Vanamee.
The Tefl Academy, Assignment C, Authentic Text
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