Money & Happiness: Are they related?

21st December 2010

According to recent study there is very little correlation, "hapiness does not increase when a country's income increases"

In the beginning of a country's rise out of backwardness and poverty, more wealth does make a difference.  But, citing surveys from Chile, China and South Korea, the economist Richard Easterlin points out: "In these countries, per capita income has doubled in less than 20 years but overall happiness does not seem to have followed the same path." (See The Guardian, "Happiness Doesn't Increase with Growing Wealth of Nations, Finds Study.")

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