08-01-2014, 12:27 PM
This story began as a study in 2009 by psychologist Daniel Kahneman and economist Angus Deaton, who surveyed 450,000 people in a Gallup Poll to see if there was a correlation between annual household income and day-to-day contentment. They found that on average, earning more than $75,000 a year PER HOUSEHOLD, did not significantly make a person or family any happier.
Several weeks ago, Doug Short decided to adjust the $75,000 figure on a state by state basis, to better reflect each state's cost of living.
http://www.advisorperspectives.com/dshor...z37eM5xPxF
Hawaii was adjusted upward to $122,000. This number is an average for the state, with a population largely on Oahu, with fairly substantial areas of wealth on Maui and Kauai as well.
If someone were to break down the numbers even farther, for each island or district, the income level for contentment in Puna would be far less than $122,000. I believe bananahead has already done some initial research and found $12,200 should about cover it. Anyone else?
Several weeks ago, Doug Short decided to adjust the $75,000 figure on a state by state basis, to better reflect each state's cost of living.
http://www.advisorperspectives.com/dshor...z37eM5xPxF
Hawaii was adjusted upward to $122,000. This number is an average for the state, with a population largely on Oahu, with fairly substantial areas of wealth on Maui and Kauai as well.
If someone were to break down the numbers even farther, for each island or district, the income level for contentment in Puna would be far less than $122,000. I believe bananahead has already done some initial research and found $12,200 should about cover it. Anyone else?
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves