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WSJ Your Money Briefing

A Bump in Pay Brings Happiness, Regardless of Your Income Level

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 7 October 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

New research shows that people in different income groups often experience similar feelings of satisfaction when they receive bonuses or raises. Host J.R. Whalen is joined by WSJ reporter Joe Pinsker to explain why. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This podcast is brought to you by CME Group, the world's leading derivatives marketplace,

0:05.0

offering the widest range of global benchmark products across all major asset classes,

0:10.0

CME Group, where Risk Meets Opportunity.

0:14.0

Here's your money briefing from Monday, October 7th.

0:21.0

I'm J.R. Whelan for the Wall Street Journal.

0:25.0

Researchers who study the relationship between money and our behavior found that having more money can mean more happiness, even if you're

0:36.0

already rich.

0:37.0

If you look at how incomes are actually distributed in the US, that is to say how much money a bunch of different people make.

0:46.0

It's actually the case that at the high end of income, income grows so much that it's large enough so that people are actually getting enough additional

0:56.7

dollars to continue getting happier.

0:59.1

We'll talk to Wall Street Journal, a personal finance reporter Joe Pinsker, after the break.

1:18.2

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1:21.5

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1:30.9

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1:31.9

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1:39.8

com slash Wall Street.

1:41.1

Oracle.com slash Wall Street, Oracle. O'Connell.com slash Wall Street.

1:44.0

New research from the University of Pennsylvania's Wharton School

1:50.0

shows having more money can buy happiness, even for those who are already well off.

...

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