Does Money Buy Happiness? - Teacher Copy

Unit 1: Success
Essential Question: What does it take the be a successful
high school student?
Today’s Topic: THIS school is here for you and future you.
Objective: Leave today able to state and explain the
purpose of the WHS Mission statement.
Does money buy happiness?
Buys health?
More important than you?
Wait, money buys
happiness?
It means A LOT, to a point.
• 2009 Study by psychologist Daniel
Kahneman and economist Angus Deaton.
• "It turns out there is a specific dollar
number, or income plateau, after which
more money has no measurable effect on
day-to-day contentment.
• The magic income: $75,000 a year. As
people earn more money, their day-to-day
happiness rises. Until you hit $75,000.
• After that, it is just more stuff, with no
gain in happiness.“
75,000k
Behind the numbers
• Incidentally, according to the Census Bureau,
the mean (average) household income in 2009
was $67,976. That's 9.4% below the happiness
threshold. The median (middle) household
income was a much smaller $49,777. That's
33.6% shy of the magic number.
• The Census Bureau's 2010 survey counted
116.7 million households and put the average
size at 2.58 persons. So that $75K benchmark
would be quite a stretch for a couple with
several additional kids.
What is it in Weymouth?
So how do I get
survival, comforts
and some luxuries?
Make a median
household income
of $75k
Make $700,000 more over 42
years or $16,000 more a year.
It pays to stay in school
College is the BEST investment you
can make.
What do you want to be?
• http://www.bls.gov/oes/current/oes
_nat.htm
• Let’s check the living calculator to
see if that profession can help you.
Weymouth High School Mission
Statement
• Weymouth High School embeds 21st
century skills across the curriculum
to prepare students for postsecondary education, careers, and
active citizenship.
WHS exists to help you
get a diploma that will help you
succeed in college and career.