IMPACT OF INCOME ON LIFE SATISFACTION AND HAPPINESS AMONG REAL ESTATE WORKERS IN MUMBAI

This study examines the impact of income on life satisfaction and happiness among real estate workers in Mumbai.Using a quantitative approach, a cross-sectional survey was conducted with 250 participants, capturing key variables such as income, life satisfaction, happiness, and work-related benefits.The findings reveal a significant positive correlation between income and life satisfaction, particularly at lower income levels, though the effect diminishes as income increases.Additionally, the study highlights the importance of non-monetary factors, such as family income, gender, and work benefits, in influencing happiness and life satisfaction.Women and individuals with higher family incomes reported higher levels of life satisfaction at similar income levels compared to their counterparts.Work benefits, including health insurance and recognition, also emerged as strong predictors of happiness.These results suggest that, while income is a key factor in determining life satisfaction, a holistic approach that incorporates both monetary and non-monetary rewards is essential for improving happiness among real estate workers.The study provides recommendations for real

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Publication Details

Journal
JOURNAL OF MANAGEMENT
Published
2025-05-19
DOI
https://doi.org/10.34218/jom_12_02_002
Primary Topic
Psychological Well-being and Life Satisfaction
Type
article
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article

IMPACT OF INCOME ON LIFE SATISFACTION AND HAPPINESS AMONG REAL ESTATE WORKERS IN MUMBAI

Majid Wahid Shaikh, Arushka Shastry
JOURNAL OF MANAGEMENT
Psychological Well-being and Life Satisfaction
article

IMPACT OF INCOME ON LIFE SATISFACTION AND HAPPINESS AMONG REAL ESTATE WORKERS IN MUMBAI

Majid Wahid Shaikh, Arushka Shastry
article en

Abstract

This study examines the impact of income on life satisfaction and happiness among real estate workers in Mumbai.Using a quantitative approach, a cross-sectional survey was conducted with 250 participants, capturing key variables such as income, life satisfaction, happiness, and work-related benefits.The findings reveal a significant positive correlation between income and life satisfaction, particularly at lower income levels, though the effect diminishes as income increases.Additionally, the study highlights the importance of non-monetary factors, such as family income, gender, and work benefits, in influencing happiness and life satisfaction.Women and individuals with higher family incomes reported higher levels of life satisfaction at similar income levels compared to their counterparts.Work benefits, including health insurance and recognition, also emerged as strong predictors of happiness.These results suggest that, while income is a key factor in determining life satisfaction, a holistic approach that incorporates both monetary and non-monetary rewards is essential for improving happiness among real estate workers.The study provides recommendations for real

JOURNAL OF MANAGEMENTVol. 12(2)
Decent work and economic growth
Openalex Percentile: Top 88%
Psychological Well-being and Life Satisfaction
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IMPACT OF INCOME ON LIFE SATISFACTION AND HAPPINESS AMONG REAL ESTATE WORKERS IN MUMBAI — Majid Wahid Shaikh, Arushka Shastry · JOURNAL OF MANAGEMENT (2025) | TGRS Research Map | TGRS