Friday, 16 August 2013

Money might actually be able to buy happiness, research suggests.



Having more money might actually make people happier, according to a study
of peopleĆ¢€™s income levels and their reported levels of happiness. People
with higher incomes reported feeling more satisfied with their lives
overall. For instance, 35% of respondents who reported making $35,000 US
Dollars (USD) or less each year said they felt very happy, while all of the
respondents making more than $500,000 USD reported the same. Previously,
one of the widely accepted theories about money and happiness was the
Easterlin paradox, a 1974 theory by economist Richard Easterlin, which
stated that an average increase in income did not directly result in an
average increase in happiness.

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