My money matters movie#

My money matters movie#

'This process provided repeated snapshots of people's lives, which collectively gives us a composite image, a stop-motion movie of their lives,' he says. Secondary measures of evaluative well-being included two other measures of life satisfaction collected on an intake survey. Secondary measures of experienced well-being included 12 specific feelings, five positive (confident, good, inspired, interested, and proud) and seven negative (afraid, angry, bad, bored, sad, stressed, and upset). To measure experienced well-being, each check-in asked them, 'How do you feel right now?' on a scale ranging from 'very bad' to 'very good.' At least once during the process, participants also answered the question, 'Overall, how satisfied are you with your life?' on a scale of 'not at all' to 'extremely.' This measured evaluative well-being. Through an app he created called Track Your Happiness, people recorded this a few times each day, with check-in times randomized per participant. But for this study, Killingsworth aimed to capture both evaluative and experienced well-being, the latter indicating how people feel in the moment. Most previous studies of the money-happiness link focused on evaluative well-being, which encompasses overall satisfaction with life. 'It tells us what's actually happening in people's real lives as they live them, in millions of moments as they work and chat and eat and watch TV.'

Killingsworth conducts much of his work using a technique called experience sampling, which asks people to repeatedly fill out short surveys at randomly selected moments during their day. In a paper in the Proceedings of the National Academy of Sciences, Killingsworth confirms that money does influence happiness and, contrary to previous influential research on the subject suggesting that this plateaus above $75,000, there was no dollar value at which it stopped mattering to an individual's well-being. To answer this question, Killingsworth collected 1.7 million data points from more than 33,000 participants who provided in-the-moment snapshots of their feelings during daily life.