Money CAN buy you happiness: The more cash we have, the more content we are, say researchers
Drawing from an array of data from 126 countries, the report is published today to coincide with "Blue Monday", which has been identified as the most miserable day of the year because of factors including weather, time of year and debt levels.
Its most controversial finding contradicts the widely-held belief that above a certain income level, people do not become any happier.
The theory, conceived in 1974 by wellbeing expert Richard Easterlin, claimed that happiness stagnates when income rises beyond a certain level.
And two years ago, a study at Princeton University claimed to have found that wellbeing stopped increasing at £58,700 - with an increase of as much as a third... read more
Most read news
- 15:51 Boy, 13, comes out to his best friend - his response will restore...
- 15:46 Body found in bush by passer-by on Miller Street in Manchester city...
- 15:45 High Peak local plan: date set for public inquiry
- 15:44 TRANSFER NEWS: Herrera's Man Utd exit, Chelsea's Varane bid,...
- 15:41 TRANSFER NEWS: £20m Man Utd deal AGREED, Chelsea 'new Ronaldo'...
- 15:40 Craft fair to help fund festive show
- 15:33 Book review: A Higher World - Scotland 1707-1815
- 15:31 Body found in Doncaster park believed to be missing Anthony...
- 15:22 Chelsea, Liverpool and Man Utd to battle for Hoffenheim star...
- 15:10 Sunshine in Sri Lanka could answer England’s World Cup questions