You must have heard many people saying that money cannot buy happiness. However, according to research by Nobel Prize winner, psychologist and economist Daniel Kahneman, money can buy happiness indeed.
The study was published in the National Academy of Science and was done on 33,391 Americans aged between 18 and 65. The responses of people whose annual income was up to US $ 10,000 i.e. about Rs 8,21,661, were recorded with the help of a mobile app.
It was then found that with increasing income, increases a person’s happiness. As soon as a person's annual income becomes Rs 82 lakh, happiness starts increasing.
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