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Does earning a higher salary really make us happier? This issue is nagging many of us: how to balance the desire of having a satisfying job and a satisfying paycheck? It’s usually a dilemma that confronts every college student when pursuing a career path. How much is enough and how little is too little is a personal decision based on one´s values, priorities and spending habits.  However, as a recent study by the Proceedings of the National Academy of Sciences found, there is a magic number that links income and satisfaction.

This study indicated that $75,000 USD is the yearly salary that seems to satisfy most people in the U.S. The study suggested that earning above 75 K had little influence on the satisfaction level, but that less than 75 K decreased satisfaction levels.

When it comes to studying those whom sought out high incomes were more likely to major in fields like business, engineering and economics.  And those whom high income was not a priority pursued majors in liberal arts and social sciences.

For most, choosing a major is one of the hardest decisions in young adulthood. Students should think not only about their priorities and values now but also the possibility that those priorities can change later on.

Best of luck, those are hard decisions!

Source: The Economic Times www.economictimes.indiatimes.com

Tags: Australia, business, Canada, Economics, Education, engineering, Money, Social Sciences, UK, United States