Does Money Buy Happiness?

Last modified on November 28th, 2006

Here’s a good link, thanks to Chris.

The connection is complex, he says. But in fact, very rich people rate substantially higher in satisfaction with life than very poor people do, even within wealthy nations, he says.

“There is overwhelming evidence that money buys happiness,” said economist Andrew Oswald of the University of Warwick in England. The main debate, he said, is how strong the effect is.