‘To be happy, buy this’ says Science
Independent Financial Research
It turns out that money does buy happiness – but only if you spend it right. You’re smart. Successful. You’re a consistent saver and an intelligent investor. But are you happy? We’re all told as children that money doesn’t buy happiness, but to some extent that’s a lie. In fact, studies have found that wealth is significantly correlated with subjective well-being – but only up to a point. In 2010, a Princeton study by Daniel Kahneman and Angus Deaton found that earning more than US$75,000 per year won't significantly increase your day-to-day happiness. But don’t worry. The fact that your financial achievement no longer fills you with undiluted pleasure may just mean one thing – you’re spending it wrong. Most of us make the seemingly logical assumption that as material things last longer than one-time experiences, they should also make us happier for longer. A weekend getaway, we reason, is only good for a few days. A new TV, however, will give us years of enjoyment. Continue to article: (VIEW LINK)
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