An-Najah News - Old adage says that money can't buy happiness, several studies have determined that the more your income increases, the happier you are, up until US$75,000 a year but according to studies after raching this threshold, more income doesn't make a difference.

Today, money and happiness are more strongly related than they were in the past. It seems money buys more happiness than it used to.

income and education: in the 1970s,  white Americans adults with and without a college degree were equally likely to say they were "very happy" around 40 percent.

But by the 2010s, there was an education gap in happiness: Only 29 percent of those without a degree said they were very happy. 

Happiness levels decline for white people without a college degree.
Less isn't more:today the average company CEO makes 271 times the salary of a typical worker, up from 30 times more in 1978. 

While it was once possible to buy a house and support a family with a high school education, that has become increasingly difficult.

In a society with more income inequality, the gulf between the "haves" and the "have nots" is more stark, with fewer belonging to the middle class.

That's partially because the cost of many key needs, such as housing, education and health care, have outpaced inflation, and salaries haven't kept up even as workers became more productive.

As a general rule, stark divisions by class have a negative impact on the well-being of a society. 

One study found that people living in countries with more income inequality were less happy.In a nation already deeply polarized, these growing class divisions will likely only make matters worse.