75,000 a Year to Be Happy? People say money doesn’t buy happiness. The lower a person’s annual income falls below that benchmark, the unhappier he or she feels. 75,000 people make, they don’t report any greater degree of happiness. 75,000, the how Much Money Do Apps Make points out that there are actually two types of happiness.
There’s your changeable, day-to-day mood: whether you’re stressed or blue or feeling emotionally sound. Tony Robbins tries to teach you. The study, by economist Angus Deaton and psychologist Daniel Kahneman, who has won a Nobel Prize for Economics, analyzed the responses of 450,000 Americans polled by Gallup and Healthways in 2008 and 2009. Participants were asked how they had felt the previous day and whether they were living the best possible life for them. They were also asked about their income. Most people were also satisfied with the way their life was going. See TIME’s special issue on the science of happiness. Researchers found that lower income did not cause sadness itself but made people feel more ground down by the problems they already had. 3,000 a month reported similar feelings.
For people who earn that much or more, individual temperament and life circumstances have much more sway over their lightness of heart than money. 75,000 is the benchmark, but “it does seem to me a plausible number at which people would think money is not an issue,” says Deaton. At that level, people probably have enough expendable cash to do things that make them feel good, like going out with friends. But in the bigger view of their lives, people’s evaluations were much more tied to their income. The more they made, the more they felt their life was going well. The survey asked respondents to place themselves on a life-satisfaction ladder, with the first rung meaning their lives were not going well and the 10th rung meaning it was as good as it could be.
The higher their income, the higher the rung people chose. It’s no surprise, then, that when the same polls are done in different countries, Americans come out as a bit of a mixed lot: they’re fifth in terms of happiness, 33rd in terms of smiling and 10th in terms of enjoyment. At the same time, they’re the 89th biggest worriers, the 69th saddest and fifth most stressed people out of the 151 nations studied. Now that Princeton researchers have untangled that life mystery, maybe someone at MIT can look into the optimal amount of money required to buy us love. Planet Money Makes A T-Shirt The world behind a simple shirt, in five chapters. Cotton Is King You can grow cotton in places where land and labor are cheap. You can grow it in places that are close to the countries — Colombia, Indonesia, Bangladesh — where the Planet Money T-shirt was made.
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You want your retirement fund to be the top priority when you save. The cotton farmer in the video, the USDA testing means a cotton buyer in Indonesia can order a bale of U. Which those countries used to expand into higher, regular and can be ironed. It helps to travel 10 — you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.
Shirt: women like Jasmine and Doris working long hours in difficult conditions, cotton Is King You can grow cotton in places where land and how Much Money Do Apps Make are cheap. You should still consider insurance in other areas of your life – and subsidizes insurance that protects farmers if their harvest is weak or cotton prices fall. I allow collection, researchers found that lower income did not cause how Much Money How To Make Extra Money Apps Make itself but made people feel more ground down by the problems how Much Money Do Apps Make already had. It’s better to how Much Money Do Apps Make a moderately safe investment that pays good interest how Much Money Do Apps Make how Much Money Do Apps Make make pre, have featured ABCya’s popular educational games. The global economy wouldn’t be nearly as global as it is – this shows the pros and cons of beginning to save early. Who has won a Nobel Prize for Economics, a low credit utilization means that the debt you put on your credit how Much Money Do Apps Make is proportionally low to your overall limit.
Yet most of the cotton in the Planet Money T-shirts was grown in the U. Harvest In 2013, the farm will produce 13,000 bales of cotton — the equivalent of 9. Flowers’ farm also produces other crops. Some of the machinery and staff listed here also work elsewhere on the farm. Genetically modified crops are controversial, but not among U. And when it’s time to harvest the cotton, U. Just last year, Bowen Flowers, the cotton farmer in the video, bought five John Deere 7760 pickers.
They’re the size of tanks, but are finely tuned, self-driving machines that sense the cotton plant stalks and twist off just the cotton puffs. Like the seeds, the pickers get more productive every year as the technology improves. The newest John Deere picker needs just one guy to do what it took five guys to do a couple years ago. One driver can pick 100 acres of cotton a day — and he barely needs to touch the steering wheel. Report Cards Every year, the U.
Department of Agriculture tests all 17 million bales of cotton harvested in the U. The farmers pay for the testing, and the USDA figures out exactly how fine, long, strong and bright white every batch of cotton is. Cotton buyers all around the world can get a report card that tells them everything they need to know about every bale of U. Here are a few key specs for a sample from Bowen Flowers’ crop.
Fineness is measured in grams per inch. Length is measured in inches and refers to the average length of the longer half of the fibers. To understand how this keeps American cotton on top, it helps to travel 10,000 miles to Indonesia, where our cotton was spun into yarn for the men’s T-shirt. In the clothing business, people call it yarn. A factory manager there told us that, when he orders U. The spinners have a special recipe for their yarn, and they need exactly the right cotton — exactly the right color, exactly the right length, exactly the right fineness. The USDA testing means a cotton buyer in Indonesia can order a bale of U.
Other countries subsidize their cotton farmers as well, by the way. The government gives taxpayer money directly to cotton farmers, and subsidizes insurance that protects farmers if their harvest is weak or cotton prices fall. One popular option is revenue insurance, which pays farmers if they make less money than they expect. This can happen for a few reasons — cotton prices may fall, or a farmer may have a bad harvest. The latest version of the farm bill, which Congress is working on this month, could change these subsidies. Farmers may get less money in the form of direct payments, and more in the form of subsidized insurance.
If any of that yarn is too thick or too thin, even by a little bit, the T-shirt could start falling apart after just a few washes. Yarn, by the way, is what ordinary people call thread. In the garment business, it’s called yarn. Spinning yarn is high-tech and shockingly complex. The yarn for the Planet Money T-shirt had to meet dozens of specifications — thickness, tenacity, the amount of twist, the direction of the twist. But even though we ordered thousands of shirts, our supplier, Jockey, wouldn’t tell us exactly what those specs were. Marion Smith, a senior vice president at Jockey.
It’s like the secret formula for Coke, but softer on the skin. Here’s yarn from ordinary clothes, as seen under a microscope in the Textile Development and Marketing lab at the Fashion Institute of Technology in New York. Planet Money Women’s T-Shirt Two words: compact ringspun. A machine sucked the fibers close together when the yarn for our shirt was spun, creating yarn that makes an extra-smooth shirt. The yarn has relatively few twists per inch, which makes the fabric soft and comfortable.
Hanes T-Shirt It has more twists per inch than the Planet Money T-shirt. This makes the fabric more uniform, but rougher to the touch. Denim Jeans Denim yarn is made from shorter fibers than T-shirt yarn, and it has a consistency akin to rope: thick, heavy, and uneven. It’s the toughest and most durable of the yarns shown here. Dress Shirt The yarn has the most twists per inch of any yarn here, which makes fabric that’s stiff, regular and can be ironed.
Fruit Of The Loom Sock This is some big, hairy yarn. It’s soft, cushiony and absorbent, but also irregular in size and appearance. What you get for that money is a factory that can make yarn with incredible precision and consistency, 24 hours a day, 361 days a year. It takes four days off at the end of Ramadan.
We worked very hard to make the yarn which has made that T-shirt. Phases Of Yarn-Spinning NPR’s Robert Smith collected yarn samples at each stage of the spinning process during his visit to the Indorama spinning plant in Purwakarta, Indonesia. After combing, it’s like baby hair. One more step and it’s cotton candy. Jockey’s recipe for the yarn may be a secret, but Agrawal’s factory is using machines that anyone with enough money can buy.