Highlights

  • Study says money can buy happiness indeed
  • The study was published in the National Academy of Science
  • With increasing income, increases a person’s happiness

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International day of happiness 2023: Increasing income is directly proportionate to happiness

The study was published in the National Academy of Science and was done on 33,391 Americans aged between 18 and 65. Know what it found.

International day of happiness 2023: Increasing income is directly proportionate to happiness

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.

Also watch: Half of Gen Z and millennials believe weddings and social events are bummer in their money goals

Frequently Asked Questions

The study was conducted by Nobel Prize winner, psychologist, and economist Daniel Kahneman.

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