It is widely accepted that money can’t buy you love. Now a new study has found that it can buy you happiness – but only up to a point.
National happiness rises as a country’s gross domestic product (GDP) per capita climbs, but tails off when the rising wealth creates higher aspirations – which often lead to a sense of disappointment, according to the study from the University of Warwick.
In wealthy countries this “sweet spot” is found at around £22,100 (SGD 45,000), after which, happiness decreases as our aspirations for better-quality housing, a higher standard of education and consumer goods lead to increased levels of anxiety and stress.
Can Money Buy Happiness for You? Share your thoughts!
National happiness rises as a country’s gross domestic product (GDP) per capita climbs, but tails off when the rising wealth creates higher aspirations – which often lead to a sense of disappointment, according to the study from the University of Warwick.
In wealthy countries this “sweet spot” is found at around £22,100 (SGD 45,000), after which, happiness decreases as our aspirations for better-quality housing, a higher standard of education and consumer goods lead to increased levels of anxiety and stress.
Can Money Buy Happiness for You? Share your thoughts!
