Interesting question. According to this article by Sarah Needleman of the CollegeJournal website, the answer is not necessarily. The interesting thing I found in the survey is that for those who make less than $20,000 per year, over 17% said they were “not too happy” and over 60% said they were “pretty happy.” For those who made $90,000 or more, only 5.3% were “not too happy.” Here’s a copy of the graphic (source: Science) that I put together in Excel:
Personally, I think it is less about the income and more about the personal finance situation of the individual that makes them happy or not happy (at least from a financial standpoint). I know lots of people who make well over $90,000 per year and struggle to make ends meet because they have no financial discipline. Now it’s your turn to weigh in.