As much money as happiness?

Many people believe that money cannot buy happiness, but now a study by American economists concludes that the more money a person has, the happier he is.

The results are based on a survey of 1,014 adults in the US, according to the Daily Mail on May 1.

Participants were asked to assess their level of happiness relative to income.

Money to buy happiness? - (Photo: Reuters)

Two American economists, Betsey Stevenson and Justin Wolfers, a researcher at this University of Michigan, said the survey participants were divided into three groups by income from low to high.

People who earn more than $ 475,000 a year and value themselves as "very happy" people , according to research results.

Meanwhile, people with incomes of $ 95,000 or more per year claim themselves to be "quite happy".

And those who earn less than $ 10,000 a year think they 'don't feel happy'.

The two economists emphasized that they came to the conclusion that 'the more money is made, the happier the person is ' there is a basis' because it is based on data of income from rich people, middle income and income. low.

The study was published in the May 2013 issue of the American Economic Review, Papers and Proceedings, on May 1, 2013.