Does money buy happiness?
One question we all like to think about: “if I earned more would I be happier?”
It’s a pretty significant question and there has been some considerable scientific research into the matter. Psychologists at Purdue University would suggest that, to a certain extent, there is a correlation between happiness and income levels. They took a sample of 1.7 million people from 164 countries and, using both qualitative and quantitative data, tried to determine the optimum amount of income that makes an individual happy.
What were the results? They concluded that an annual income of £43,000 – £54,000 was the ideal amount for emotional wellbeing and that £68,000 was the level at which people felt they were successful.