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Washington - While it is widely believed that money can not buy love, a new study has suggested that it can buy you happiness but only up to a ‘sweet spot’ of 36,000 dollars GDP per person. A new analysis led by economists Eugenio Proto in the Centre for Competitive Advantage in the Global Economy at the University of Warwick and Aldo Rustichini, from University of MInnesota found that as expected, for the poorest countries life satisfaction rises as a country’s wealth increases as people are able to meet their basic needs. However, the new surprise finding is that once income reaches a certain level – around 36,000 dollars, adjusted for Purchasing Power Parity (PPP) - life satisfaction levels peaks, after which it appears to dip slightly in the very rich countries. The researchers found suggestive evidence that this happiness dip in the wealthiest countries is because more money creates higher aspirations, leading to disappointment and a drop in life satisfaction if those aspirations are not met. The study was published in journal PLOS ONE.
Analysis: What Stephen Miller gets wrong...

Analysis: What Stephen Miller gets wrong about debt, deficits and immigrati...

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Why did O'Neill extend NI deal afte...

Why did O'Neill extend NI deal after Blackburn interest?

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China adds destroyer to its East China Sea fleet
Chinas EV exports surge 40 percent in Ap...

Chinas EV exports surge 40 percent in April

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Spurs launch review after season of inju...

Spurs launch review after season of injury woe

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UN mission in DR Congo launches attack against rebels

DR Congo will not change World Cup preparations despite US Ebola warning

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US says DRC team must isolate due to Ebola before arriving for World Cup

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US judge rules NSA data collection unconstitutional

Judge tosses Kilmar Abrego Garcia charges, calls Trump administration prosecution 'vi...

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I always hear them before I see them: Drones strike fear in Colombia

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Jharkhand High Court seeks report on alleged sexual assault of wo...

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