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Lifestyle

Can money "buy" happiness? Here's what the latest study says

Can money "buy" happiness? Here's what the latest study says

The latest research confirmed that money can "buy" happiness and this experiment was conducted on 200 people in seven countries. Scientists studied the effect of a $10,000 payment on people. A group of 200 people were tracked against a group that received no money, to compare happiness levels.

They also had a limit of three months to spend their funds. Those 200 lucky people, who received $10,000, regularly reported their level of happiness, rating it from one to seven, at the end of each month. When the experiment was over, the spending team reported higher levels of happiness.

However, the fact that everything is relative is evidenced by the fact that people with household incomes greater than $123,000 maintained the same level of happiness even after paying $10,000. So while the study found that wealth can make you happy, the $10,000 figure didn't affect those who were already earning large sums.