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
- 01:16 Salami: a romantic tradition finds its place in modern gastronomy
- 01:13 Measures to improve used car market
- 01:13 Gadgets contest to help disabled
- 01:13 Judges poised to prune boyband
- 01:13 Barroso's EU book 'waste of money'
- 01:07 Star Opinion: No recovery in sight
- 01:05 Brendan Rodgers ready to back Mario Balotelli by handing him place...
- 00:46 U.S. says Palestinian-American killed by Israeli forces
- 21:23 Man Utd News: Di Maria fitness boost, Valdes admission, Januzaj...
- 20:10 Six-year-old boy dies after being struck by vehicle at West Derby