Study: Money Does Not Buy Much Happiness

According to a new study, not only does a higher income not make you much happier, but people with higher incomes tend to be tenser and spend less time on simple leisure activities.

Live Science:

Your next raise might buy you a more lavish vacation, a better car, or a few extra bedrooms, but it’s not likely to buy you much happiness.

Measuring the quality of people’s daily lives via surveys, the results of a study published in the June 30 issue of journal Science reveals that income plays a rather insignificant role in day-to-day happiness.

Although most people imagine that if they had more money they could do more fun things and perhaps be happier, the reality seems to be that those with higher incomes tend to be tenser, and spend less time on simple leisurely activities.

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