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13 Dec 2010 | The Telegraph
"Money doesn't buy happiness." It's an old adage that many of us
like to quote but few of us really believe. However, now a new
study by an economist dubbed the 'father of happiness studies' has
found it to be true.
A sample of 37 nations has found that increasing happiness does
not go in hand with increasing wealth. While short term
studies do find a link between the two, Prof Richard Easterlin
found that was not the case when one looked at countries over a
period of decades.
Even in the most successful world economies of the last two
decades it did not hold true. In China, South Korea and Chile
- all countries which have seen per capita incomes double in less
than 20 years - there have been no significant rises in happiness
over that timescale.
Read article here
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