Money might actually be able to buy happiness, research suggests. Having more money might actually make people happier, according to a study of people’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.
Posted on: Fri, 12 Jul 2013 05:43:55 +0000
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