They say that money can鈥檛 buy you love, but that doesn鈥檛 mean it can鈥檛 bring you a better perspective on life. Stability, security and perks that come along with a paycheck above a certain level is something to aim for if you want to live your best life, according to Angus Deaton, a Nobel Prize-winning economist from the University of Princeton. His recent study is a serious boost in motivation for increasing your salary this year.

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In his research, Deaton found that although money doesn鈥檛 directly bring happiness, when you reach the 鈥渉appiness plateau鈥 above an annual salary of $75,000, 鈥渢he thoughts that people have about their life鈥 become more positive. 鈥淕iving people more income beyond $75,000 is not going to do much for their daily mood鈥 but it is going to make them feel they have a better life.鈥

On the other hand, those who make less tend to more intensely and negatively experience life鈥檚 tragedies, such as divorce and bad health. Ouch.

鈥淎s an economist, I tend to think money is good for you,鈥 Deaton says, 鈥渁nd am pleased to find some evidence for that.鈥 Just another reason to ask for that well-deserved raise.

Do you feel that your income is a factor in how you view your life? Tweet us @BritandCo!

(h/t Marie Claire, photo via RyanJLane/iStock)