This isn’t at all what people by money not buying happiness. Even if your life objectively improves, it’s just a matter of time until your brain adjusts to the new normal and you’re back to the same levels of happiness you were at before the money. It’s pretty much the crowning “feature” of our biological wiring - because if an animal like us in ancient times was blissfully content the moment their lot in life improved, they would stop trying and not end up spreading their genes. So we’re pretty much doomed to never be truly happy/content because of how natural selection works.
If you're hungry, or cold, or have no safe place to sleep, money will fix that. If you're just managing to make ends meet and in constant fear of losing your job, money will fix that. If you're overworked and stressed from your high pressure job, money will fix that. In fact, until you're rich enough to be way off the pointy end of Maslowe's hierarchy, money will fix pretty much anything that ails you.
From what I've seen, there's a clear line of demarcation below what you're implying. If I remember correctly, the research says it's around $60k-$75k in the U.S. where the happiness levels out in response to money. I'd have to look it up again to make sure I'm not misremembering
Yep, that lines up with what I've read and what I've personally experienced. Beyond $75k (or your local currency equivalent), more money is more of a theoretical "can do more nice things", "drives a nicer car", "can go skiing for holidays instead of rent a beach shack." It's nice, but it's a change in degree, not a change in kind.
Below $75k combined income is where those "do I want X or Y because I can't have both" situations come about increasingly frequently. Below $45k it becomes "do I want to pay the electricity bill or the rent?"
This is commonly misreported. A 2010 study found that answers to questions like "Did you experience a lot of stress yesterday?" leveled out between $60,000 and $90,000. How satisfied people said they were with their lives continued to increase.[1]
Kahneman actually speaks to this pretty well in his TED talk about the two types of happiness, but the parent comment seemed to be speaking to the first type (the 'reducing stress' happiness, not the 'reflecting' happiness). You're right; I was trying deliberately not to get lost in the weeds on the details but it probably just looks lazy instead.
According to what? There are plenty of fairly trivial counterexamples to this. If what you say here is correct, what is mental illness? What is a solid marriage vs a terrible one? What is a good job vs a bad job?
For instance, lots of peoples' mental states improve when they are able to not live with their parents, for various reasons. That requires money.
