Monday, June 11, 2007

Can money buy happiness???

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Can money buy happiness??? The answer, according to a study, is yes - but so can friendships and successful relationships.

Researchers have been trying to calculate what effect our finances and lifestyle have on our emotions.

Their main source was a survey of 10,000 Britons, who were asked to rate their level of happiness and answer questions on their wealth, health and social relations.

The team, from the University of London, then placed all these people on a "life satisfaction scale" of one (utterly miserable) to seven (euphoric).

Using the information they had collated, they could calculate how much extra money the average person would have to earn every year to move up from one point on the scale to another. They also worked out how far life events and changing social relationships on their own could move someone up the satisfaction scale.

By comparing these two types of information, they were able to put a "price" on social and lifestyle factors.

Source : DailyMail

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